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CHINA STOCKS

PBOC draining banks' cash via repos: sources

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China's central bank has drained money from cash-flush financial institutions by selling them bond repurchase agreements behind closed doors, sources with direct knowledge said, signalling policymakers' discomfort with excess liquidity in the financial system.

Shanghai

CHINA'S central bank has drained money from cash-flush financial institutions by selling them bond repurchase agreements behind closed doors, sources with direct knowledge said, signalling policymakers' discomfort with excess liquidity in the financial system.

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