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

     BEIJING (MNI) - The Chinese yuan rose to 6.3281 against the U.S. dollar on
Wednesday from yesterday's 6.3406 close, following today's stronger fixing.  
     PBOC set the yuan central parity rate vs the U.S. dollar at 6.3294 today,
stronger than Tuesday's 6.3401. 
     Interbank market rates fell after PBOC injected CNY105.5 billion via its
one-year Medium-term Lending Facilities (MLF) loans that effectively left
liquidity unchanged, since a same amount of MLF matures today.
- 7-day repo average fell to 2.7590% from 2.8659% yesterday 
- Overnight repo average is down at 2.5574% from 2.5867% yesterday. 
     Yield on 10-year China Government Bond last traded 3.8350%, the same as
close yesterday: Wind Information.
Stocks rose, sending the Shanghai Composite Index up 0.37% to 3301.65 at 11:00
a.m. local time, while Hong Kong's Hang Seng Index was little changed at
30,517.41.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]

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