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Liquidity is expected to remain at a....>

CHINA PRESS
CHINA PRESS: Liquidity is expected to remain at a reasonable and sufficient
level in July, but it is necessary to be aware of uncertainties on money supply,
China Securities Journal reported, citing an anonymous expert. 
  - A large number of liquidity facilities of the PBOC will mature at the
beginning of the month, including CNY510 billion reverse repos maturing this
week, said the newspaper. That said, the net drain of funds may lower the impact
of RRR cuts on short-term liquidity, the newspaper noted. 
  - July's large tax payment in the middle of the month may also tighten the
money supply, the newspaper added.

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