Core Viewpoint - The People's Bank of China (PBOC) is expected to continue injecting medium-term liquidity through MLF and reverse repos in August, with potential rate cuts anticipated in early Q4 [1] Group 1 - The chief macro analyst at Dongfang Jincheng, Wang Qing, interprets that the PBOC will maintain liquidity support through MLF and reverse repos in August [1] - There is an expectation for further reserve requirement ratio (RRR) and interest rate cuts by the PBOC around early Q4 [1]