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

     BEIJING (MNI) - The Chinese yuan weakened to 6.3321 against the U.S. dollar
on Monday from Friday's 6.3247 closing, following today's stronger fixing. 
     PBOC set the yuan central parity rate vs the U.S. dollar at 6.3320 on
Monday, stronger than Friday's 6.3340. 
     Interbank market rates fell after PBOC injected CNY50 billion via
open-market operation to keep liquidity unchanged. 
  - 7-day repo average dropped to 2.7875% from 2.8071% Friday; 
  - Overnight repo average was down to 2.5384% from 2.5619% Friday. 
     Yield on 10-year China Government Bond last traded 3.8100%, down from
3.8200% at close Friday: Wind Information.
The Shanghai Composite Index rose 0.17% to 3275.37 at the 11:30a.m. market break
today, while Hong Kong's Hang Seng Index increased 0.19% to 31562.14 by the time
it broke for noon. 
--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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