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BEIJING (MNI) - The following lists highlights from Chinese press reports
The yuan may continue to appreciate against the U.S. dollar in the near
term on expectation that the Chinese economy may stabilize in Q4 while the U.S.
economy faces greater pressure, the China Securities Journal reported citing
analysts. Foreign investors may buy yuan assets given yuan's recent
appreciation, the newspaper said. The yuan reached a two-month high yesterday at
above 7.04 per dollar.
The People's Bank of China plans to issue CNY30 billion offshore bills in
Hong Kong on Nov 7 to "enrich high credit rating yuan products and improve yuan
yield curve," it said on its website today. Included are CNY20 billion 3-month
tranche and CNY10 billion 1-year tranche, according to the statement.
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