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The State Administration of Foreign Exchange's move to grant USD10.3 billion qualified domestic institutional investor (QDII) quota signaled China's resolution to facilitate the two-way capital market opening-up, the China Securities Journal reported citing analysts. Also, there are obvious signs that the yuan's recent appreciation has been excessive that had been partly driven by a short-term influx of international "hot money", the newspaper said. The timely release of the new QDII quota can promote the orderly flow of cross-border funds in two ways, the newspaper said.