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The People's Bank of China's balance....>

CHINA PRESS
CHINA PRESS: The People's Bank of China's balance sheet shrunk again in August
as a result of a reduction in fiscal deposits, the Shanghai Securities News
reported Wednesday. As at the end of August the balance sheet decreased CNY346.6
billion month over month to CNY34.71 trillion. It was the third fall this year
after reductions in February and March, the report said. Government deposits
fell CNY532.2 billion. Claims on Other Depository Corporations -- mainly PBOC
monetary policy instruments such as open-market operations and medium-term
lending facilities -- fell CNY520.8 billion for the month, the report said. The
reserve requirement ratio must be cut to meet liquidity demands by financial
institutions, the report said quoting analysts. (Shanghai Securities News)

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