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Worth flagging that CNY286bn worth of.........>

CHINA
CHINA: Worth flagging that CNY286bn worth of 1-Year MLF will roll off today, so
look for rollover activity from the PBoC. Friday saw BBG sources (citing
traders) suggest that the PBoC will offer MLF today.
- Assuming the operations do take place (at a similar size to those rolling
off), focus will fall on the rate applied to the operations, which was last
3.25% (cut by 5bp in early November), which feeds through into the monthly LPR
fixings.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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