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The PBOC's shrinking balance sheet......>

CHINA PRESS
CHINA PRESS: The PBOC's shrinking balance sheet does not mean there is a
tightening of monetary policy, 21st Century Business Herald said in a commentary
on Thursday. The shrinking balance sheet in H1 was mainly due to the decline in
the balance of structural monetary policy instruments such as the medium-term
lending facility (MLF) and the pledged supplemental lending (PSL), which in turn
had led to a decline in asset size, the newspaper said. By end-June, the total
assets of the PBOC were at CNY36.4 trillion, a contraction of about CNY900
billion from the end of 2018, the commentary said. 

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