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The yuan still has room to appreciate...>

CHINA PRESS
CHINA PRESS: The yuan still has room to appreciate further in the short term,
unidentified market insiders were cited as saying by China Securities Journal on
Wednesday. 
- Hard demand of foreign exchange settlements and expectations that the U.S.
dollar will be difficult to strengthen could further support the yuan exchange
rate: the Journal 
- The yuan's appreciation makes yuan-denominated assets more attractive. It
helps improve overall liquidity in the domestic market, and would also increase
capital brought by more investment into China's bond market
- The paper-making, aviation, property and banking sectors would benefit from a
stronger yuan.
****TAKEAWAY: The market has a positive outlook on the yuan, which will benefit
China's bond market.

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