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The Chinese government will adjust......>

CHINA PRESS
CHINA PRESS: The Chinese government will adjust its monetary policies and OMO
operations to ensure local government bonds are issued successfully, China
Securities Journal reported. 
  - On Friday, the PBOC injected MLF into the market, for the purpose of
coordinating monetary policy and fiscal policy; 
  - In the coming weeks, the PBOC may further conduct OMO injections to provide
enough liquidity for banks which are majority entities to buy local government
bonds, the newspaper said. 
**COMMENTS: The increase of local government bond issuance aims to support
infrastructure investment, thus buoying economic growth. For this purpose, the
PBOC will need to adjust OMO actions and its monetary policy to balance
liquidity in the market while large amounts of local government bonds are
issued.

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