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CHINA PBOC CONDUCTS CNY251.67 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1346 WEDS VS 7.1364

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CHINA MARKETS: Yuan Stronger; Rates Lower; Stocks Up 

     BEIJING (MNI) - The yuan was stronger against the U.S. dollar on Tuesday
even though the People's Bank of China set the fixing rate weaker for the day.
     The yuan was last at 6.6315 against the U.S. unit, compared with the
official closing price of 6.6398 on Monday.
     The PBOC set the yuan central parity rate at 6.6268, 0.10% weaker than
Monday's 6.6205.
     Money market rates were lower Tuesday morning. The seven-day repo average
was last at 2.7298%, compared with Monday's average of 2.7896%. The overnight
repo average was at 2.6141%, compared with Monday's 2.6198%.
     The PBOC injected a net CNY140 billion in liquidity via open-market
operations on Tuesday, the sixth consecutive trading day the PBOC has made a net
injection.  
     The yield on benchmark 10-year China government bonds was last at 3.7225%,
compared with the previous close of 3.7200%.
     Stocks rose, with the financial and cement-making sectors leading gains.
The benchmark Shanghai Composite Index was last up 0.08% at 3,383.56. Hong
Kong's Hang Seng Index was 0.03% higher at 28,314.03.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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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