The People's Bank of China (PBOC).......>

CHINA PRESS: The People's Bank of China (PBOC) will likely cut reserve

requirement ratio (RRR) for banks soon, Securities Daily reported on Friday,

citing unidentified experts.

  - The cut is expected to fall within the range of 0.5 to 1.5 percentage

points, the newspaper said; 

  - The recently-issued rules on wealth management products require financial

institutions to adjust their asset structure and businesses, causing liquidity

pressure; thus the central bank needs to take action to support these

institutions, said the Daily; 

  - As commercial banks need to pay back CNY2 trillion in short-term debt in

June, and July is a tax collection month, the PBOC is very likely to cut RRR to

reduce liquidity risks, the newspaper said.