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Tight Liquidity New Norm for China Banks: News

CHINA PRESS
MNI (Sydney)

Chinese banks may be facing a new norm of tight liquidity as the PBOC stops monetary easing given the economic recovery is on track, the Shanghai Securities News reported citing Liao Zhiming, the chief banking analyst with TF securities. The 3-month interbank deposit certificate increased to 2.7% in August, the highest this year, indicating tight liquidity, the newspaper reported citing a source at a commercial bank. Commercial banks in China sold about CNY1.1 trillion in interbank deposit certificates in July and August, more than in all of Q2 , the News reported with data from Wind Information.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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