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PBoC liquidity injections ahead of the........>

CHINA
CHINA: PBoC liquidity injections ahead of the Lunar New Year amount to:
- CNY1.15tn cumulatively in reverse repos.
- CNY300bn in "fresh" 1-Year MLF (none maturing)
- CNY240.5bn worth of 1-Year TMLF (as CNY 257.5bn matured)
- N.B A recent Xinhua survey revealed that economists estimated that the
liquidity gap in January will be between CNY2.8-3.2tn.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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