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

     BEIJING (MNI) - The Chinese yuan strengthened to 6.3295 against the U.S.
dollar on Monday from Friday's 6.3370 closing, following today's stronger
fixing.  
     The People's Bank of China set the yuan central parity rate vs the U.S.
dollar at 6.3333 on Monday, much stronger than Friday's 6.3451. 
     Interbank market rates rose after PBOC's inaction in open market operations
resulted in a net injection of CNY90 billion.
  - 7-day repo average increased to 2.7597% from 2.7542% Friday
  - Overnight repo average went up to 2.5674% from 2.5620% Friday. 
     Yield on 10-year China Government Bond last traded 3.8300%, unchanged from
the close Friday: Wind Information.
The Shanghai Composite Index had barely changed at 3325.97 at 11:02 am, while
Hong Kong's Hang Seng Index was last at 31,494.45, up 1.61%.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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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