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MNI: PBOC Injects CNY250 Bln via Open Market Operations

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY250 billion
via 7-day reverse repos on Tuesday, injecting net CNY250 billion as no
instruments matured, according to Wind Information.
     - The injection aims to offset the demands of tax payments and the maturity
of local treasury's cash management, the PBOC said.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.7414% at 9:56 a.m. local time from the close of
2.7205% on Monday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 59 on Monday vs 48
on Friday. A higher index indicates higher market expectations for tighter
liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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