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China's central bank has maintained a relatively higher interest rate level compared with its Western peers. As a result, the yuan's interest-rate premium over the yield on the dollar expanded, which also helped to boost foreign investors' demand for renminbi-denominated financial assets to seek higher returns, said analysts.
China's capital markets are now very attractive due to the nation's success in fighting the pandemic while also, almost uniquely, sticking to a prudent monetary policy.

China will send expert groups and test kits, facilities and medical treatment equipment to bolster novel coronavirus containment and treatment in the nation's border regions, according to a decision made at a meeting chaired by Premier Li Keqiang on Monday.
China will increase its imports of goods and services and will further lower its tariff rates, Xi said.
China's action was in response to the Trump administration's publication of a list of about 1,300 Chinese exports - also worth about billion annually - that it intends to target with 25 percent tariffs.
来源:资阳报