Chinese c.bank sets yuan mid-point at 6.8319

SHANGHAI, Oct 8 - The central bank set the mid-point of the yuan's <CNY=CFXS> <CNY=SAEC> exchange rate against the dollar on Wednesday as follows.

Mid-point Previous day's mid-point Previous day's close

6.8319 6.8345 6.8169

SOURCE: The People's Bank of China, the central bank, issues the data through the interbank market, the China Foreign Exchange Trade System (www.chinamoney.com.cn).

The yuan has now appreciated a further 18.71 percent since it was revalued by 2.1 percent to 8.11 per dollar on July 21, 2005, and freed from a dollar peg to float within managed bands.

The yuan may rise or fall 0.5 percent from its mid-point each day, but it has moved only a small fraction of its band in most trading sessions since the floating rate regime was introduced.

The yuan's traded peak since it was floated is 6.8099, reached on Sept. 23.