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The PBOC has drained liquidity via......>

CHINA PRESS
CHINA PRESS: The PBOC has drained liquidity via its open market operations for
eight consecutive trading days as of Thursday, causing liquidity to tighten
slightly and non-bank financial institutions to face funding pressures, China
Securities Journal reported on Friday. The report cited sources that said at the
root of this problem are banks, which are facing regulation tests at month-end,
and are becoming unwilling to lend out money to those NBFIs. However, as the
total amount of liquidity is not low and the banks' liquidity condition remain
stable, it is not likely for liquidity to become much tighter, and liquidity
conditions will improve in the beginning of April, the report said. 

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