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MNI: PBOC Net Drains CNY40 Billion

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations(OMOs) for a third day on Wednesday. This resulted in a net drain of
CNY40 billion as the same amount of reverse repos matures today, according to
Wind Information. 
- The PBOC said the current liquidity in the banking system is at a relatively
high level; 
- 7-day weighted average interbank repo average rate for depository institutions
(DR007) increased to 2.6500% at 09:40 a.m. local time from the close of 2.2131%
on Tuesday: Wind Information; 
- CFETS-NEX money-market sentiment index closed at 34 on Tuesday vs 32 on
Monday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]