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The PBOC has advised banks via..........>

CHINA PRESS
CHINA PRESS: The PBOC has advised banks via "window guidance" to provide
medium-term lending facility (MLF) funds for primary dealers to support loan
placement and bond investment, 21st Century Business Herald reported, citing
financial professionals. 
  - Additional MLF funding will be allocated to lower-rated bonds to alleviate
the impact of frequent bond risks, the newspaper said. 
  - The PBOC's move signals the end of its "loose currency and tight credit"
policy, said Ding Anhua, chief economist of China Merchants Bank, according to
the newspaper. 
  - The PBOC will not reverse its monetary policy, but may use some instruments
to cushion the downward pressure on the economy in the third and fourth
quarters, the newspaper said, citing an anonymous analyst.

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