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MNI China Daily Summary: Tuesday, October 22

POLICY: Chinese firms are increasingly hedging their forex risk via derivatives, with 27% of companies using the instruments since the start of the year, an historical high, according to Li Hongyan, deputy director general at the State Administration of Foreign Exchange.

POLICY: Foreign investors are increasingly buying yuan-denominated bonds, officials at the State Administration of Foreign Exchange told reporters, noting China’s onshore stock and bond markets will remain attractive thanks to new economic stimulus measures and further relaxations of the fixed-income market.

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POLICY: Chinese firms are increasingly hedging their forex risk via derivatives, with 27% of companies using the instruments since the start of the year, an historical high, according to Li Hongyan, deputy director general at the State Administration of Foreign Exchange.

POLICY: Foreign investors are increasingly buying yuan-denominated bonds, officials at the State Administration of Foreign Exchange told reporters, noting China’s onshore stock and bond markets will remain attractive thanks to new economic stimulus measures and further relaxations of the fixed-income market.

Keep reading...Show less