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Earlier, Bloomberg reported that the PBOC......>

PBOC
PBOC: Earlier, Bloomberg reported that the PBOC would inject funds through an
MLF on Monday. Our China team note that CNY286 billion MLF is due to mature on
Monday. The PBOC may roll this over or it may inject more liquidity given that
it is a tax payment period. If the PBOC cuts the MLF rate, it would impact the
LPR on Dec 20. If not, we do not think there would be a big impact.

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