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     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY100 billion
via 7-day reverse repos with the rate unchanged on Tuesday. This resulted in a
net drain of CNY280 billion given the maturity of CNY380 billion of reverse
repos, according to Wind Information.
- The operation aims to offset the maturity of reverse repos and maintain ample
liquidity in the banking system, the PBOC said in a statement on its website.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.3066% at 09:51 am local time from the close of 2.1521% on
Monday: Wind Information. 
--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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