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

     BEIJING (MNI) - The yuan gained against the U.S. dollar on Thursday after
the People's Bank of China set the fixing rate stronger for the day.
     The yuan was last at 6.3601 against the U.S. unit, compared with the
official closing rate of 6.3686 on Thursday. 
     The People's Bank of China set the yuan central parity rate at 6.3679
Thursday, stronger than Wednesday's 6.3745, after setting the rate weaker for
two days.
     Interbank market rates fell after PBOC net injected CNY30 billion via open
market operations.
  - 7-day repo average fell to 2.7326% from Wednesday's average of 2.8981%;
  - Overnight repo average dropped to 2.5650% from Wednesday's 2.7640%.
     Yield on 10-year China Government Bond last traded 3.7050%, down from
3.7300% close on Thursday: Wind Information.
     The Shanghai Composite Index was down 0.23% to 3,162.23 at 11:30 am market
break, while Hong Kong's Hang Seng Index barely changed, up 0.01% to 31,114.11.
--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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