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The PBOC may not need to cut the........>

CHINA PRESS
CHINA PRESS: The PBOC may not need to cut the reserve requirement ratio in the
short term because liquidity was still abundant in the financial, system,
according to a former advisor to China's central bank. China Business News
quoted Sheng Songcheng,a former advisor to the PBOC, who pointed to a strong
rebound in the March money supply and fresh credit data as evidence of
liquidity. Sheng also predicted that policymakers may relax restrictions on
shadow banking, noting that the contraction in off-balance sheet financing by
entrusted loans, trust loans and undiscounted bankers' acceptances had
decelerated since last November.

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