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

     BEIJING (MNI) - The Chinese yuan fell to 6.3329 against the U.S. dollar on
Friday from yesterday's 6.3221 closing, following today's weaker fixing. 
     The People's Bank of China set the yuan central parity rate vs the U.S.
dollar at 6.3340 on Friday, less than Thursday's 6.3141. 
     Interbank market rates dropped after PBOC injected net CNY137.5 billion via
Medium-term Lending Facilities (MLF) loans. 
 - 7-day repo average was down to 2.7137%, compared with 2.8705% yesterday 
 - Overnight repo average fell to 2.5579% from 2.6149% yesterday. 
     Yield on 10-year China Government Bond last traded 3.8225%, down from
3.8250% close yesterday: Wind Information.
The Shanghai Composite Index was little changed at 3292.56 at the 11:00 a.m.
local time, while Hong Kong's Hang Seng Index was last at 31,455.51, down 0.3%. 
--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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