(Yicai Global) Aug. 19 -- The People's Bank of China bolstered the yuan by 157 basis points against the US dollar this morning, fixing the central parity rate at 6.9168.

The onshore yuan market closed at 6.9257 against the US dollar yesterday, appreciating by 68 bips during the day.

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 its figure.

Editor: Emmi Laine