The central parity rate of the yuan, China's currency Renminbi (RMB), advanced to 6.7685 per U.S. dollar Monday from 6.7730 per U.S. dollar Friday, according to the data released by the China Foreign Exchange Trading System.

The central parity rate of the yuan advanced to a record high 6.7715 against U.S. dollar Wednesday from 6.7722 per U.S. dollar Tuesday.

China's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan exchange rate to improve its flexibility.