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Premier Li Keqiang failed to mention reducing money policy rates or deposit-reserve rates in his official speeches last week, a policy signal that such loosening measures will be unlikely this year, Yicai said citing market participants. The focus is more on preventing any asset bubble risk and keeping the macro-leverage ratio stable this year, Yicai said citing Zhou Maohua, an analyst with Everbright Securities. Policies will continue to tilt to supporting small firms, Zhou said.