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The market is watching to see if the....>

CHINA PRESS: The market is watching to see if the People's Bank of China will
begin to use a two-month reverse repo in its open-market operations, with some
reports saying the central bank would conduct two-month reverse repos today,
China Securities Journal reported Friday. Money supply is expected to remain
tight and balanced, the newspaper said. Unidentified analysts were quoted as
saying the PBOC's possible use of a two-month reverse repo could "fundamentally"
ease current liquidity pressure and reflect the PBOC's intention to stabilize
liquidity in the medium to long term. (China Securities Journal)

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