(Yicai Global)  Jan. 9 -- The China Foreign Exchange Trade System, the   interbank  trading and foreign exchange division under China's central bank, set  the yuan's central parity rate against the dollar at 6.9497 this  morning, depreciating the redback by 47 bips from yesterday.

The institute fixed the rate at the yuan's strongest in five months yesterday, 6.9450.

CFETS fixes the benchmark rate on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.