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Lenders may extend yuan trading hours

Chinese authorities have asked some banks to conduct test runs for longer trading hours for the onshore yuan, according to sources. Some banks have also been asked to evaluate their market-making systems on Thursday, Dec 28 and 29. "China will likely extend the trading hours very soon, probably early next year, now that the authorities will be testing the system," said Li Bo, the Shanghai-based chief investment consultant of GF Securities Co.