MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

MNI China Daily Summary: Monday, July 29

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

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MNI: FRANCE JUN CONSUMER SPENDING -0.5% M/M, -1% Y/Y

Australia Jun Total Dwelling Approved -6.5%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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CHINA MARKETS: Yuan Stronger; Rates Down; Stocks Rise 

     BEIJING (MNI) - The yuan rose against the U.S. dollar Wednesday morning
after the People's Bank of China set a stronger daily fixing. 
     The yuan was last at 6.5783 against the U.S. unit, compared with the
official closing price of 6.5861 on Tuesday. The yuan has strengthened every
trading day since Sept. 28, rising 1.37% against the U.S. dollar.
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.5841
on Wednesday, much stronger than Tuesday's 6.6273. The PBOC set the fixing
stronger for the second consecutive day. Today's fixing marks the biggest daily
rise since June 1.
     Money market rates fell Wednesday morning after the PBOC injected CNY20
billion in liquidity via open-market operations. The seven-day repo average was
last at 2.8233% on Wednesday, lower than Tuesday's average of 3.0099%. The
overnight repo average was at 2.7132%, lower than Tuesday's 2.7412%.
     The yield on benchmark 10-year China government bonds was last at 3.5306%,
down from the previous close of 3.6270%, according to Wind, a financial data
provider. 
     Stocks were up slightly, led higher by the winemaking and furniture
sectors. The benchmark Shanghai Composite Index was last up 0.07% at 3,385.35.
Hong Kong's Hang Seng Index was 0.29% higher at 28,573.14.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
China Market NewsPolicy NewsAPACChinaJapanAustraliaNew ZealandRegion
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