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Chinese money supply is expected to.....>

CHINA PRESS
CHINA PRESS: Chinese money supply is expected to remain tightly balanced, but
the market should not be pessimistic about the liquidity outlook as the period
when market interest rates will fluctuate the most has passed, China Securities
Journal reported Friday. The liquidity injection by the People's Bank of China
(PBOC) on Wednesday via its Medium-term Lending Facility (MLF) shows the central
bank will provide sufficient liquidity to ensure money supply does not
experience large fluctuations at the end of the year. There will be clear
imbalance of liquidity supply and demand in mid-December, the newspaper said,
citing unidentified experts predicting the central bank would continue
injections via its MLF to stabilize the market. The supply of money entering the
new year will not be a problem even if the PBOC drains funds because fiscal
expenditures will increase in the second half of December. (China Securities
Journal)

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