As the PBOC announced to include........>

CHINA PRESS: As the PBOC announced to include negotiable certificates of deposit

(NCDs) with durations of less than one year issued by banks with assets of more

than CNY500 billion as part of these banks' quarterly Macro-Prudential

Assessments, NCD business is facing pressure from both the supply and demand

sides, the China Securities Journal reported Tuesday. Experts said the PBOC

measure would further force commercial banks to adjust the structure of their

liabilities, ending their high-speed "balance-sheet-expansion era." While

financial market deleveraging in the second half of the year will continue to

put pressure on the market,  better coordination of financial supervision and

the government mandate to maintain "stability" will ensure there are no big

shocks, the newspaper said. (China Securities Journal)