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PBOC May Add More Liquidity in June: Journal

CHINA PRESS
MNI (Singapore)

The PBOC may increase liquidity injection to offset a possible gap resulting from government bond issuances, companies buying forex for paying dividends and quarter-end regulatory compliances, the China Securities Journal reported citing analysts. The planned issuance of China Government Bonds and local government bonds this week exceeded CNY470 billion, a record high this year, while Chinese companies listed overseas will be in peak season for paying dividends, the newspaper said citing Xie Yaxuan, the chief analyst at China Merchants Securities. The PBOC may release more reverse repos or roll over the maturing MLFs with excess added, the newspaper said citing Song Xuetao, chief analyst of Tianfeng Securities.

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