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     BEIJING (MNI) - The following lists highlights from China press reports on
Tuesday:
     Total liquidity in the banking system is expected to decline rapidly due to
a combination of factors such as accelerated government bond issuance, the China
Securities Journal reported today. The newspaper also cited routine payments of
reserve requirements, the coming tax season and the maturity of the Medium-term
Lending Facility (MLF) next week as factors which will put more pressure on
liquidity. The PBOC, which has skipped liquidity injections for 14 straight
days, is expected to take action to boost liquidity in the next two weeks, the
Securities Journal said.
     The accelerated issuance of perpetual bonds will not cause a shock for the
stock and bond markets and will have a positive impact, the Economic Daily said
today. The Daily said market sentiment was optimistic and the issuance would
help to diversify bond products and optimize the structure of the market. So
far, nine listed banks have announced plans to issue a total of CNY470 billion
in perpetual bonds, according to the Daily's calculations.
     Beijing's housing market has begun to cool in April following robust
turnover in March, according to Economic View, an online outlet published by the
China News Service. Transaction volumes for established residential housing fell
in the first week of April for the first time in about seven weeks, Economic
View said citing data by http://Zhuge.com, a third-party housing price
comparison website. The turnover of new commercial residential housing also fell
by 69.43% from the previous week, according to the same data source.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
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