We would like to draw your attention to the newspiece 'China permits renminbi rate swaps' in the March issue last month (page 4), in which we had reported Deutsche Bank's Charles Feng as saying that the one-year Chinese deposit rate is likely to stay "fixed" for a long time. We would like to clarify that Feng had actually meant that the one-year deposit rate is likely to stay "regulated" for a long time, and not "fixed" as in "unchanged". We apologise for any misunderstanding and

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