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Gains from yuan inclusion in SDR not so clear-cut

It all depends on how quickly China opens its markets, say banks

China will buy more Malaysian government bonds and give the country a 50 billion yuan (S$11.1 billion) quota to invest in Chinese stocks and bonds as it looks to strengthen ties with Southeast Asia.


THE yuan's coronation as the International Monetary Fund's fifth designated reserve currency will be either worth more than US$1 trillion in fund inflows or little more than symbolic, depending on how quickly China opens its markets.

The IMF will need to conclude that the...

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