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Liquidity conditions in the interbank...>

CHINA PRESS
CHINA PRESS: Liquidity conditions in the interbank market are expected to come
under pressure in the short term as a large amount of the People's Bank of
China's monetary facilities will mature, the China Securities Journal reported
Tuesday. Facilities worth about CNY1 trillion will mature this week, the
second-biggest week this year. The PBOC needs to act to contain potential risks,
the report suggested. The tightness caused by structural problems will be
amplified because banks will be reluctant to lend at the end of month, which
will further push up money market rates, the report warned. Given that the
excess reserve ratios of banks are still low and liquidity conditions are being
suppressed, combined with negative factors at home and abroad, liquidity
conditions can be expected to remain tight for the rest of this year, the report
noted. (China Securities Journal)

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