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Borrowing prices have not fallen........>

CHINA PRESS
CHINA PRESS: Borrowing prices have not fallen sharply and some of the money
market rates have even risen after the recent reserve requirement ratio (RRR)
cut, China Securities Journal reported on Tuesday. The response is due to the
tax season and large amount of reserve repos maturing which have drained the
liquidity released by the RRR cut, the newspaper said. Going forward, there is
still considerable liquidity to be released by the RRR cut and fiscal spending
in September, the newspaper said. 

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