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MNI China Daily Summary: Tuesday, April 2

MNI (Singapore)
MNI (Beijing)
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LIQUIDITY: The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repos, with rates unchanged at 1.80%. The operation led to a net drain of CNY148 billion after offsetting CNY150 billion in maturities, according to Wind Information.

RATES: China's seven-day weighted average interbank repo rate for depository institutions (DR007) decreased to 1.8505% from 1.8734%, Wind Information showed. The overnight repo average fell to 1.7010% from 1.7204%.

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LIQUIDITY: The People's Bank of China (PBOC) conducted CNY2 billion via 7-day reverse repos, with rates unchanged at 1.80%. The operation led to a net drain of CNY148 billion after offsetting CNY150 billion in maturities, according to Wind Information.

RATES: China's seven-day weighted average interbank repo rate for depository institutions (DR007) decreased to 1.8505% from 1.8734%, Wind Information showed. The overnight repo average fell to 1.7010% from 1.7204%.

Keep reading...Show less