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Yuan Appreciation May Encourage Foreign Capital: Journal

CHINA PRESS

The yuan's surge past 6.76 against the dollar should draw more foreign capital to China's bond market supported by stable liquidity, higher returns and fast-recovering economy, the China Securities Journal reported on Thursday citing a report by investment bank CICC. As the fundamentals strengthen and businesses accelerate forex settlements, the yuan may continue to appreciate in the near term, the Journal reported citing market sources.

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