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The State Administration of Foreign.....>

CHINA PRESS
CHINA PRESS: The State Administration of Foreign Exchange (SAFE) published a
statement on Tuesday notifying banks and clients that they could settle their
forex forward contracts by either gross settlement or net settlement, based on
clients' real needs, said a report on Shanghai Securities News on Wednesday. The
net settlement will use yuan to settle, the statement said, according to the
report. (Shanghai Securities News)

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