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     BEIJING (MNI) - The People's Bank of China injected CNY60 billion in
seven-day reverse repos and CNY60 billion in 14-day reverse repos via
open-market operations Wednesday, according to Wind Information, a
Shanghai-based financial data provider.
     This resulted in a net zero effect on liquidty for the day, as a total of
CNY120 billion in reverse repos mature on Wednesday. 
     Today is the first time in more than two weeks that the PBOC conducted open
market operations.
     The CFETS-ICAP money-market sentiment index ended at 41 on Tuesday, down
from 46 at Monday's close. The lower the reading the better the liquidity
conditions in the interbank market.
     The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6500%, compared with
2.7022% on Tuesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]