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MNI: PBOC Net Drains CNY20 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY10 billion
via 7-day reverse repos on Thursday, adding liquidity for the fourth day. This
results in a net drain of CNY20 billion given that CNY30 billion of reverse
repos matured today, according to Wind Information.
- The PBOC also injected a total of CNY500 billion of medium-term lending
facility (MLF), so as to offset the maturity of CNY463 billion of MLF today.
- The injections aim to offset the impact of MLF and reverse repos maturing, as
well as government bond issuance, the PBOC said.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.6300% at 10:04 local time from the close of
2.4463% on Wednesday: Wind Information. 
- The CFETS-NEX money-market sentiment index closed at 37 on Wednesday vs 38 on
Tuesday.
--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$MM$]

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