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CHINA PRESS
CHINA PRESS: The PBOC is likely to conduct targeted medium-term lending facility
(TMLF) this week to offset the maturity of CNY590 billion reverse repo, as the
central bank generally conducts TMLF in the fourth week of the first month at
the beginning of a quarter, the China Securities Journal reported on Tuesday
citing unnamed analysts. The PBOC is also likely to increase cash injection via
pledged supplementary lending (PSL) to further support infrastructure
investment, the newspaper said citing Chen Wenhu, an analyst at Zhongshan
Securities.