China’s money rates ease as few signs of liquidity stress

China’s primary money rates fell
over the week as there was little sign of liquidity stress so
early in the month, despite the central bank continuing to
refrain from injecting fresh funds into the interbank market.
Traders said liquidity remained ample in early November, but
tcompanies will start making monthly tax payments next week,
taking cash out of the system.
The volume-weighted average rate of the benchmark seven-day
repo traded in the interbank ma