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MNI CHINA MARKETS: Yuan Stronger; Rates Lower; SH Shares Down

     BEIJING (MNI) - The Chinese yuan climbed to 6.3120 against the U.S. dollar
on Thursday from yesterday's 6.3162 closing, following today's stronger fixing. 
     PBOC set the yuan central parity rate vs the U.S. dollar at 6.3141 on
Thursday, stronger than Wednesday's 6.3205. Today is the fourth straight day the
central bank has set the parity stronger.
     Interbank market rates fell after PBOC net injected CNY40 billion via
open-market operation.
  - 7-day repo average dropped to 2.8410% from 2.8737% yesterday; 
  - Overnight repo average was down to 2.6132% from 2.6213% yesterday. 
     Yield on 10-year China Government Bond last traded 3.8500%, down from
3.8525% at close yesterday: Wind Information.
The Shanghai Composite Index dropped 0.04% to 3290.08 at the 11:30 midday market
break today, while Hong Kong's Hang Seng Index rose 0.12% to 31473.14 by the
time it broke for noon. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@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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