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Nonbank financial institutions have.....>

CHINA PRESS
CHINA PRESS: Nonbank financial institutions have been under pressure to borrow
to make it through the end of the year, while liquidity conditions have been
better for banks, the China Securities Journal reported Friday. The People's
Bank of China has reiterated that overall liquidity conditions are at a
relatively high level, meaning that any tightness is structural, caused by
regulatory pressure and funding pressures. Liquidity conditions might improve in
the first quarter of 2018, when a set of favorable factors is expected. Fiscal
spending, targeted cuts to required reserve ratios and banks' greater
willingness to lend will likely offset tax payments, higher cash demand for the
Lunar New Year holiday and maturing reverse repos. (China Securities Journal)

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