BEIJING (MNI) - The People's Bank of China set the yuan's central parity rate at 6.8262 to the U.S. dollar on Friday, slightly higher than the previous day's central parity of 6.8263.

The yuan finished at 6.8266 against the US dollar on the over-the-counter (OTC) market Thursday, down from the previous day's close of 6.8259.

Based on today's parity, the yuan is up 0.18% y/y against the dollar, according to Market News International calculations.

BEIJING (MNI) - The yield on the record CNY120 billion in three-month paper sold by the People's Bank of China (PBOC) on Thursday remained unchanged at 1.4088% for the sixth week in a row, traders said.

That sale and an earlier bond repurchase agreement brings the week's activity to a net drain of CNY82 billion, according to Market News International calculations, compared with last week's CNY59 billion drain.

The central bank earlier drained CNY83 billion via 91-day repos.

BEIJING (MNI) - The People's Bank of China set the yuan's central parity rate at 6.8263 to the U.S. dollar on Thursday, slightly higher than the previous day's central parity of 6.8264.

The yuan finished at 6.8259 against the US dollar on the over-the-counter (OTC) market Wednesday, up from Tuesday's close of 6.8263.

Based on today's parity, the yuan is up 0.21% y/y against the dollar, according to Market News International calculations.

BEIJING (MNI) - The People's Bank of China (PBOC) announced that it will sell a record CNY120 billion in three-month paper on Thursday as part of its biweekly open market operations.

Tomorrow will also mark the biggest single volume offered at auction since September 16 2008's CNY145 billion sale of one-year paper.

The PBOC sold CNY90 billion in three-month paper during last Thursday's auction, with the yield remaining unchanged at 1.4088%.

BEIJING (MNI) - Interest rate adjustments are among the monetary policy tools that the Chinese central bank will use this year to control credit growth, a senior People's Bank of China official said Wednesday.

Guo Qingping, an assistant governor with the central bank, told reporters on the sidelines of the National People's Congress here that the PBOC is seeking to maintain "balanced" monthly loan growth and overly concentrated lending this year, and that a range of monetary policy tools will be used to achieve this.

BEIJING (MNI) - The People's Bank of China set the yuan's central parity rate at 6.8264 to the U.S. dollar on Wednesday, slightly higher than the previous day's central parity of 6.8265.

The yuan finished at 6.8263 against the US dollar on the over-the-counter (OTC) market Tuesday, up from the previous close of 6.8264.

Based on today's parity, the yuan is up 0.22% y/y against the dollar, according to Market News International calculations.

BEIJING (MNI) - Chinese banks may have extended only around CNY700 billion in new loans in February, the China Securities Journal reported Wednesday, though lending activity activity may have been crimped by the New Year holiday which dominated the month.

The People's Bank of China is expected to publish last month's new loan data this week.

The report cited unidentified sources. If confirmed, the tally would mark a significant decrease from January's CNY1.39 trillion.

BEIJING (MNI) - The People's Bank of China sold CNY100 billion in one-year paper on Tuesday as part of its biweekly open market operations, with the yield remaining unchanged at 1.9264%, traders said.

The yield has now remained unchanged for six auctions in a row, after having risen each of the previous two weeks.

The bank earlier drained CNY50 billion in liquidity from the market via 28-day repurchase agreements, traders said.