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The PBOC is set to reduce the reserve...>

CHINA PRESS
CHINA PRESS: The PBOC is set to reduce the reserve requirement ratio in Q2 as a
measure to fill in the liquidity gap, the China Securities Journal reported
Wednesday. The paper says the reduction policy is also driven by the large
amount of Medium-term Lending Facilities maturing as well as large tax payments
in April and May. These liquidity conditions, along with official measures to
loosen credit supply, should make the stock market more attractive to investors
but dampen the bond market, the newspaper said.

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