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The People's Bank of China and the Ministry...>

CHINA
CHINA: The People's Bank of China and the Ministry of Finance will auction a
total of CNY80 billion in treasury cash deposits next Monday, with commercial
banks bidding on deposit rates, according to a statement on the central bank's
website on Wednesday. It will be the fifth time this year that the PBOC makes
cash deposits to commercial banks from the treasury. The term of the deposits
will be three months, the statement said. The move aims to to improve the
efficiency of cash management, according to the statement. 

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