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     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY30 billion by
7-day reverse repos, and CNY20 billion by 14-day reverse repos on Tuesday, a
seventh trading day that the central bank has added liquidity by open market
operations(OMOs). 
- It resulted in a net drain of CNY90 billion given the maturity of CNY140
billion of reverse repos, according to Wind Information.
- The PBOC said today's OMO is to offset financial institutions' payment of
deposit reserve, the issuance of government bonds and other factors. 
- 7-day weighted average interbank repo average rate for depository institutions
(DR007) fell to 2.6071% at 09:57 a.m. local time from the close of 2.6290% on
Monday: Wind Information.
- CFETS-NEX money-market sentiment index closed at 40 on Monday vs 35 on Friday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]