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Li Liuyang, Chief Forex Analyst at the Research Department of Zhongjin Company, stated that since the beginning of this year, with the weakening of the US dollar and the repair of the interest rate differential between China and the US, the exchange rate of the Chinese yuan has turned to an appreciation trend after the second quarter. Under this market situation, foreign capital tends to increase holdings of yuan assets, and the net settlement level and settlement rate of banks' client transactions have increased, improving the overall supply and demand situation in the foreign exchange market.