CCTV9英语新闻：PBOC assures supply, urges firm liquidity mgmt.（在线收听）

　　China central bank’s assurance of liquidity supply is easing tension across Asian markets today. Asian shares edged higher to reverse a four-day losing streak on Wednesday.

　　Investors took comfort from the PBOC’s vow to provide funds to institutions if needed. Solid US data has also firmed up investor confidence. Take a look at the aftermath of China’s cash squeeze. China’s central bank on Tuesday said that there’s ample liquidity in the markets, citing a set of its data on lending, social financing and provisions.

　　It was considered a "cardio tonic" for investor confidence after panic selling on Monday. So on Tuesday, we saw a big "V" shape in the mainland market after the PBOC statement. The PBOC attributes the recent liquidity shortage and rate fluctuations to a number of factors, including: fast credit growth, concentrated payment of corporate taxes,

　　And even an increase of cash demand from the Dragon Boat Festival earlier this month. The PBOC is also urging commercial banks to strengthen liquidity and debt management, along with better managing and forecasting cash flows.