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The PBOC is expected to follow up.......>

CHINA PRESS
CHINA PRESS: The PBOC is expected to follow up next Monday's scheduled 0.5 pp
cut in the reserve requirement ration with further cuts later this year,
according to a report in the China Securities Journal. The forecast of more cuts
was made by Wang Qing, the chief macroeconomic analyst at credit rating agency
Dongfang Jincheng. Citing Liao Zhiming, chief banking analyst at Tianfeng
Securities, the Journal's report also says the central bank may conduct
medium-term lending facilities (MLFs) to add liquidity during the Chinese New
Year at the end of January. 

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