Although the renminbi might continue to face downward pressures against the US dollar in the short term, the Chinese currency is capable of maintaining overall stability and may bounce back by the end of the year, currency market experts said on Tuesday.

"Hong Kong dollar selling" amid U.S. interest rate hikes does not mean capital outflow, and will not affect the financial and monetary stability of Hong Kong, said Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government.

The per capita disposable income of residents in the province increased from 12,772 yuan (about 1,865 U.S. dollars) in 2012 to 26,811 yuan in 2021, and 7.19 million impoverished residents in Henan were lifted out of poverty.

China Life Insurance Co., one of the country's biggest insurers, pocketed 25.42 billion yuan (about 3.71 billion U.S. dollars) of net profit in the first half of the year, down 38 percent from the same period last year.

China's Ministry of Finance on Friday earmarked 10 billion yuan (about 1.46 billion U.S. dollars) central reserve funds to support drought relief and the production of autumn grain.

Total assets of China's insurance sector amounted to 26.6 trillion yuan (about 3.88 trillion U.S. dollars) at the end of June, official data showed.

South Africa's rand was flat on Monday, as the dollar continued to surge after more Federal Reserve officials flagged the likelihood of aggressive interest rate hikes.

To achieve our monetary policy goals – maintaining low and stable consumer price inflation while contributing to maximum sustainable employment – we set and influence the level of NZ dollar interest rates in an effort to balance aggregate spending and investment activity (demand) with the supply of goods and services in the economy.

The rouble reversed earlier losses and firmed past 61 against the dollar on Tuesday.

The People's Bank of China lowered the rate of 400 billion yuan (about 59 billion U.S. dollars) worth of one-year MLF to financial institutions to 2.75 percent from the 2.85-percent rate it opted for on the previous occasion.

East China's Jiangsu Province reported an 11.5 percent increase in foreign trade in the first seven months to 3.14 trillion yuan (about 465.8 billion U.S. dollars), official data showed.

From January to July, completed investments in water conservancy projects totaled 567.5 billion yuan (about 83.9 billion U.S. dollars), up 71.4 percent over the same period in 2021, the Ministry of Water Resources said Aug. 10.