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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 on Friday, resulting in a net drain of CNY200 billion given the same
amount of reverse repos matured today, according to Wind Information.
     - The total 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) fell to 2.1775% at 0932 local time from the close of
2.1891% on Thursday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 35 on Thursday vs 55
on 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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