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MNI: PBOC Injects Net CNY220 Billion In OMOs Wednesday

     BEIJING (MNI) - The People's Bank of China injected CNY160 billion in
seven-day reverse repos, CNY140 billion in 14-day reverse repos and CNY30
billion in 63-day reverse repos via open-market operations Wednesday,
WallstreetCN, a financial news provider, said.
     This resulted in a net injection of CNY220 billion for the day, as a total
of CNY110 billion in reverse repos mature on Wednesday. 
     The PBOC has injected a net CNY510 billion in liquidity into the interbank
market so far this week. The PBOC explained in a statement Tuesday that it was
trying to offset the impact of lower liquidity from government bond purchases
and expiring reverse repos to keep liquidity basically stable. 
     A total of CNY340 billion in reverse repos mature this week. In addition,
CNY66.5 billion in Medium-term Lending Facility (MLF) loans matured on Monday,
another CNY122.5 billion in MLF loans will mature Thursday, while CNY80 billion
in treasury deposits will mature Friday.
     The CFETS-ICAP money-market sentiment index ended at 51 on Tuesday, the
same as the 51 reading 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 2.6507%, compared with
2.9431% on Monday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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