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The People's Bank of China announced Monday...>

CHINA
CHINA: The People's Bank of China announced Monday it will auction a total of
CNY80 billion in three-month treasury bills on Thursday, with commercial banks
bidding on deposit rates. It will be the fourth time this year that the PBOC
makes cash deposits to commercial banks from the treasury. The last time was on
Friday, when the PBOC and the Ministry of Finance deposited CNY80 billion at a
rate of 4.46%. The move is part of a bid to improve the efficiency of cash
management, according to a statement on the PBOC's website.

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