(Yicai Global) Jan. 21 -- The People's Bank of China set the yuan central parity rate against the US dollar at 6.4696 this morning, 140 basis points stronger for the redback than yesterday.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, sets the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below this midpoint.

Editor: Ben Armour