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China moves closer to offshore yuan market

By Yang Zhen | China Daily | Updated: 2009-05-20 08:12

China moves closer to offshore yuan market

A pedestrian walks past an HSBC Holdings Plc bank branch in Hong Kong. Bloomberg News

Allowing overseas banks to sell yuan bonds in Hong Kong has moved China one step closer to building an offshore yuan market, analysts said.

China moves closer to offshore yuan market

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