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     BEIJING (MNI) - The People's Bank of China injected CNY40 billion in
seven-day reverse repos, CNY30 billion in 14-day reverse repos and CNY10 billion
in 28-day reverse repos via open-market operations Wednesday, Wind Information,
a Shanghai-based financial data provider, said.
     This resulted in a net injection of CNY10 billion for the day, as a total
of CNY70 billion in reverse repos mature on Wednesday. 
     The CFETS-ICAP money-market sentiment index ended at 46 on Tuesday, down
from 50 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 9:45 a.m. Beijing time.
     The benchmark seven-day repo average was last at 2.6835%, compared with
2.9024% on Tuesday. 
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: rich.dirks@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]