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Cross-quarter liquidity will better.....>

CHINA PRESS
CHINA PRESS: Cross-quarter liquidity will better estimates as fiscal spending
increases and the People's Bank of China accelerates net injections, the China
Securities Journal reported Wednesday. Interbank-market liquidity tightened this
week as a result of tax payments but this will pass, the report said. The
approaching National Day holiday and macroprudential assessments will pressure
liquidity which will prop up money-market rates. Liquidity tightness in July and
August resulted from structural problems in the banking system, the report said.
(China Securities Journal)

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