Foreign investors need more than a stable RMB, says BlackRock

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Foreign investors need more than a stable RMB, says BlackRock

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BlackRock headquarters is shown Wednesday, Feb. 15, 2006, in New York. Retail brokerage giant Merrill Lynch & Co. Inc. has agreed to combine its investment-management business with money manager BlackRock Inc. in exchange for a nearly 50 percent stake in the company, the two sides said Wednesday. (AP Photo/Mark Lennihan) | MARK LENNIHAN/AP/Press Association Images

A stable renminbi will make Chinese bonds and equities more attractive, but China will need to enhance the sophistication of its market before it can attract foreign capital on scale, according to Helen Zhu, head of China equities at BlackRock.

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