Though the PBOC's expansion of..........>

CHINA PRESS: Though the PBOC's expansion of collaterals of medium-lending

facilities helped regain the market's confidence in corporate bonds, liquidity

and bond defaults may not recover immediately, China Securities Journal reported

Tuesday. 

  - Investors are more cautious in investing in the bond market after recent

frequent bond defaults, the newspaper said, citing analysts including an

anonymous fixed-income fund manager; 

  - Bond defaults are mainly in property companies and municipal investment and

construction companies, which are not transmitted to the PPI and CPI, and are

thus not affecting the macro-economy, it said, citing AMP Limited.