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MNI CHINA MARKETS: Yuan Stronger; Rates Diverge; SH Shares Up

     BEIJING (MNI) - The Chinese yuan climbed to 6.3485 against the U.S. dollar
on Monday from Friday's 6.3589 closing, following today's weaker fixing.  
     The People's Bank of China set the yuan central parity rate at 6.3584
Monday, weaker than last Friday's 6.3521.
     Interbank market rates diverged after PBOC skipped open market operations,
which resulted in no change in liquidity condition.
  - 7-day repo average fell to 2.6745% from 2.7047% Friday; 
  - Overnight repo average rose to 2.5555% from 2.5282% Friday. 
     Yield on 10-year China Government Bond last traded 3.6300%, up from 3.6250%
close on Friday: Wind Information.
The Shanghai Composite Index was up 1.05% to 3123.64 at 11:14 am, while Hong
Kong's Hang Seng Index was last up 0.51% at 30,078.42. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]

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