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The PBOC should increase liquidity injections to help meet shortages of around CNY1.85 trillion before the mid-February Chinese New Year, the China Securities Journal reported citing Ming Ming with CITIC Securities. The PBOC's CNY98 billion injection on Monday lowered interbank funding rates and rallied both the stock and bond markets, wrote the newspaper. Liquidity is not excessive despite easing measures, the newspaper reported citing Zhao Wei from KaiYuan Securities.