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     BEIJING (MNI) - The People's Bank of China injected CNY70 billion in
seven-day reverse repos and CNY60 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 CNY60 billion for the day, as a total
of CNY70 billion in reverse repos mature on Wednesday. 
     This is the third consecutive trading day that the PBOC has injected
liquidity into the banking system via its OMOs.
     The CFETS-ICAP money-market sentiment index ended at 54 on Wednesday, up
from 51 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 9:45a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6680%, compared with
2.9108% on Tuesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]