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There will be no liquidity crunch.......>

CHINA PRESS
CHINA PRESS: There will be no liquidity crunch during the cross-over from 2017
to 2018, as fiscal spending is expected to increase in December and the People
Bank of China is fully prepared to meet liquidity needs via its newly-created
63-day reverse repo, the China Securities Journal reported Friday. But liquidity
volatility is inevitable considering cash demand by companies and households is
increasing, the quarterly Macro-Prudential Assessment is approaching, large
volume of negotiable certificates of deposit will mature this month and capital
outflows will rise, particularly after the Federal Reserve hikes rate and
further shrinks its balance sheet, the report warned. The PBOC will take
measures to ensure the stability of liquidity in the interbank market, the
report noted. (China Securities Journal)

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