Merchant's Bank Sees Deleveraging Slowing, Liquidity Improving

iFeng: 央行货币政策偏紧节奏放缓：市场流动性好转有企稳迹象

China Merchants Securities Received the latest report that the recent voucher or futures market, there are signs of stabilization, it seems that "deleveraging" the marginal impact of the decline. Bond market out of the "trough", once again rose significantly need to go through such a few stages, one of which is the liquidity has improved.