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     BEIJING (MNI) - The People's Bank of China injected CNY120 billion in
seven-day reverse repos, CNY50 billion in 14-day reverse repos and CNY100
billion in 28-day reverse repos via open-market operations Thursday, according
to Wind Information, a Shanghai-based financial data provider.
     This resulted in no net injection/drain for the day, as a total of CNY270
billion in reverse repos mature on Thursday. 
     The PBOC has drained a net CNY420 billion via OMOs so far this week as it
skipped open market operations in each of he first three trading days of the
     On Wednesday, the PBOC injected CNY188 billion in one-year Medium-term
Lending Facility (MLFs) loans at an unchanged interest rate of 3.2%. The
operation did not add or drain liquidity, as a  total of CNY188 billion in MLF
loans matured Wednesday. 
     An additional CNY187 billion in MLF loans will mature on Dec. 16.
     The CFETS-ICAP money-market sentiment index ended at 42 on Wednesday, up
from 36 at Tuesday'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 9:45 a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6576%, compared with
2.7624% on Wednesday.
--MNI Beijing Bureau; +86 (10) 8532 5998; email:
--MNI BEIJING Bureau; +1 202-371-2121; email: