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CHINA

VIEW: ING: The Message Is Clear - Stability

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the fifth trading day on Friday, resulting in a net drain of
CNY20 billion with reverse repos maturing, according to Wind Information.
- Increased fiscal spending by the end of the month can offset the maturity of
reverse repos, according to the PBOC.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6800% at 9:59 am local time from the close of 2.8149% on
Thursday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 43 on Thursday vs 47 on
Wednesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]