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For more, we now have John Tan, head of global markets from Standard Chartered China on the line. Standard Chartered is among one of the earliest banks to join the scheme.
1. Without doubt, the Yuan exchange rate will become more flexible as has been made clear by the central bank. How do you think it will affect Chinese corporations?
2. How can Chinese exporters shield themselves against the downside of a flexible yuan exchange rate?
3. You mentioned derivatives. But they're highly speculative, which could incur massive losses. How could Chinese exporters best use the tool?