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MNI CHINA MARKETS: Yuan Rises; Rates Fell; SH Shares Up 

     BEIJING (MNI) - The Chinese yuan rose to 6.2718 against the U.S. dollar
Monday morning from Friday's 6.2733 closing following today's stronger fixing. 
     The People's Bank of China set the yuan central parity rate vs the U.S.
dollar at 6.2764 on Monday, stronger than last Friday's 6.2881. Today's fixing
is the strongest since Aug. 11, 2015, when the PBOC shocked global markets with
a 2 percent one-off devaluation of its currency.
     Interbank market rates fell even though PBOC chose not to conduct
open-market operations, which resulted in a net drain of CNY20 billion. 
  - 7-day repo average fell to 2.7161% from 3.1048% Friday, considering
cross-month liquidity demand is reducing.  
  - Overnight repo average was last at 2.5958%, down from 2.7984% Friday.
     The yield on 10-year China Government Bond rose to 3.7450% from the 3.7400%
close Friday: Wind Information.
The Shanghai Composite Index rose 0.29% to 3177.95 at 11:00 am Monday, while
Hong Kong's Hang Seng Index was up 0.24% at 30,093.38.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@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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