MNI: PBOC Net Drains CNY270 Billion by OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market

operations for a third consecutive day on Wednesday, resulting in a net drain of

CNY270 billion as that amount of reverse repos matured, according to Wind

Information.

-- There is also a CNY383.5 billion medium-term lending facility(MLF) maturity,

Wind said.

-- The PBOC said the total liquidity of the banking system is currently at a

relatively high level, which can offset the maturing of MLF and reverse repos

and other factors.

-- The 7-day weighted average interbank repo average rate for depository

institutions (DR007) rose to 2.6159% at 0925 local time from the close of

2.4112% on Tuesday: Wind Information.

-- CFETS-NEX money-market sentiment index closed at 31 on Tuesday vs 32 on

Monday.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]