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CHINA MARKETS: Yuan Stronger; Rates Mixed; Stocks Rise 

     BEIJING (MNI) - The yuan rose against the U.S. dollar Thursday morning
after the People's Bank of China set a stronger daily fixing. 
     The yuan was last at 6.6339 against the U.S. unit, compared with the
official closing price of 6.6408 on Wednesday. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.6288
on Thursday, modestly stronger than Wednesday's 6.6322. It was the first time
this week the PBOC has set a stronger fixing. 
     Money market rates were mixed Thursday morning after the PBOC injected
CNY20 billion in liquidity via open-market operations. The seven-day repo
average was last at 2.8354% Thursday, lower than Wednesday's average of 2.9286%.
The overnight repo average was at 2.6755%, higher than Wednesday's 2.6691%.
     The yield on benchmark 10-year China government bonds was last at 3.8000%,
up from the previous close of 3.7850%, according to Wind, a financial data
provider. 
     Stocks were up, led higher by the food and beverage sector and insurance
sector. The benchmark Shanghai Composite Index was last up 0.21% at 3,404.10.
Hong Kong's Hang Seng Index was 0.23% lower at 28,236.83. 
--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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