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CHINA PRESS: The PBOC is likely to conduct medium-term lending facility (MLF) to
offset the maturity of MLF and increase liquidity in mid-August, China
Securities Journal reported on Wednesday. The monetary conditions will need to
be relaxed as the total social financing is likely to continue to decline, the
newspaper said citing a report by China International Capital Corporation. The
PBOC may cut the reserve requirement ratio for medium and small banks in Q3, the
newspaper added citing Minsheng Securities.