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China Liquidity to Improve as Bond Sales Drop: News

CHINA PRESS
MNI (Sydney)

China's tight inter-bank liquidity is seen easing next month as less government bonds are on offer and tax remissions fall, the Shanghai Securities News reported citing Ming Ming, analyst at CITIC Securities. About CNY550 billion in China Government Bonds and CNY400 billion in local debt will be issued in November, Ming said. Fiscal disbursements may accelerate in November, adding CNY210 billion in liquidity while revenue is likely to dip on seasonal trends, which puts less pressure on tax remission, Ming said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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