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MNI: PBOC Net Drains CNY200 Billion and Skips OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the second day on Friday, resulting in a net drain of CNY200
billion given the same amount of one-year medium-term lending facility matured
today, according to Wind Information.
     - Liquidity in the banking system is reasonable and ample, the PBOC said on
its website.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 1.9431% at 9:26 am local time from the close of
1.2300% on Thursday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 35 on Thursday, flat
from the close of Wednesday. A lower index indicates decreased market
expectations for tighter liquidity.
--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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