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MNI CHINA MARKETS: Yuan Weaker; Rates Down; SH Shares Up

     BEIJING (MNI) - The Chinese yuan weakened to 6.3916 against the U.S. dollar
on Thursday from Wednesday's 6.3852 closing, following today's weaker fixing. 
     The PBOC set the yuan central parity rate at 6.3816 Thursday, weaker than
Wednesday's 6.3773.
     Interbank market rates fell after the PBOC injected CNY40 billion to keep
liquidity condition unchanged this morning.
  - 7-day repo average fell to 2.6723% from 2.6857% Wednesday; 
  - Overnight repo average dropped slightly to 2.5121% from 2.5131% Wednesday. 
     Yield on 10-year China Government Bond last traded 3.6400%, up from the
close of 3.6300% on Wednesday: Wind Information.
The Shanghai Composite Index was up 0.09% to 3171.76 at 11:10 am, while Hong
Kong's Hang Seng Index was last up 0.36% at 30,775.57. 
--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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