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China Daily | Updated: 2011-03-03 07:51
Risk assessment boosted
China will strengthen risk assessment of cross-border yuan business and observe the effect on interest rates, foreign exchange rates and monetary policy, the People's Bank of China said in a statement on Wednesday.
China had approved 29.2 billion yuan ($4.38 billion) in quotas for the interbank bond market for five foreign institutional investors by December. The country's cross-border trade yuan settlement was 506.3 billion yuan last year.
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