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MNI: PBOC Net Drains CNY110 Billion and Skips OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the fifth day on Friday, resulting in a net drain of CNY110
billion given the same amount of reverse repos matured today, according to Wind
Information.
     - The total liquidity in the banking system is at a relatively high level,
which can absorb the impact of matured repos and government bond issuance, the
PBOC said on its website.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.0534% at 9:15 am local time from the close of
1.8450% on Thursday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 36 on Thursday vs 35
on Wednesday. A higher index indicates increased market expectations for tighter
liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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