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     BEIJING (MNI) - The yuan fell against the U.S. dollar Monday morning after
the People's Bank of China set a weaker daily fixing. 
     The yuan was last at 6.6474 against the U.S. unit, compared with the
official closing price of 6.6400 on Friday. 
     The PBOC set the yuan central parity rate against the U.S. dollar at 6.6347
on Monday, weaker than Friday's 6.6282.
     Money market rates were mixed Monday morning after the PBOC injected CNY150
billion in liquidity via open-market operations, or a net CNY83.5 billion when
taking into account the CNY66.5 billion in Medium-term Lending Facility loans
that matured the same day. 
     The seven-day repo average was last at 2.7825% Monday, lower than Friday's
average of 2.9438%. The overnight repo average was at 2.7709%, higher than
Friday's 2.7379%.
     The yield on benchmark 10-year China government bonds was last at 3.9525%,
up from the previous close of 3.9200%, according to Wind, a financial data
provider. 
     Stocks moved higher, led up by the banking sector. The benchmark Shanghai
Composite Index was last up 0.30% at 3,443.11. Hong Kong's Hang Seng Index was
0.33% higher at 29,217.78.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: vince.morkri@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,M$$FI$,MN$FI$,MN$FX$]