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     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations on Monday, resulting in a net drain of CNY220 billion given the same
amount of reverse repos matured today, according to Wind Information.
     - Total liquidity in the banking system is at a reasonable and ample level,
the PBOC said on its website.
     - The 7-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.4000% at 9:26 am local time from the close of
2.1094% on Monday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 38 on Monday vs 30
on Friday. A higher index indicates increased 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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