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The injection of CNY383 billion via.....>

CHINA PRESS
CHINA PRESS: The injection of CNY383 billion via medium-term lending facility
(MLF) loans yesterday keeps liquidity at a sufficient level, but an extremely
loose money supply scenario will likely not reoccur as the rate of MLF loans is
higher than the monetary market rate, said Li Qilin, chief macro analyst of
Lianxun Securities, according to Shanghai Securities News. 
  - The MLF injection aims to help banks relieve pressure from the upcoming
large issuance of special government bonds, Li added, according to the
newspaper. 
  - Expectations for targeted required reserve ratio cuts by the end of the year
have been lowered, as China has vowed to implement more proactive fiscal
policies, the newspaper said, citing analysts including Li.

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