The Chinese bond market is entering a...>

CHINA PRESS: The Chinese bond market is entering a "slow bull" period, the

Financial News, a newspaper managed by the People's Bank of China, said Friday.

As a State Council meeting announced Wednesday, targeted cuts in banks' required

reserve ratios would boost financial institutions' support for micro-enterprises

and there is relatively high chance the PBOC will implement this policy within a

month, the newspaper said. The targeted reserve ratio cut could inject new

energy into the money and bond markets. But the report noted the signal of a

coming targeted cuts to RRR does not mean a change in the direction of China's

prudent and neutral monetary policy and it does not mean the beginning of a

"loose period." As the third quarter is ending, many financial institutions are

positive about the bond market in the fourth quarter, so the State Council's

announcement should further strengthens the market's optimism. (Financial News)