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The PBOC may keep total liquidity moderate and focus more on using structural tools to increase support for SMEs as well as green finance, the Shanghai Securities News reported citing analysts. The PBOC has proposed 12 measures to cut payment service fees by CNY24 billion every year, of which CNY16 billion will benefit SMEs, the newspaper said. The PBOC will also continue to smoothen out short-term factors destablzing liquidity, the newspaper cited analyst Zhou Maohua with Everbright Bank.