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MNI: PBOC Net Drains CNY40 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations for the second trading day on Tuesday, resulting in a net drain of
CNY40 billion as the same amount of reverse repos matured, according to Wind
Information.
- Total liquidity level in the banking system is  reasonable and ample,
according to the PBOC. 
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) rose to 2.7700% at 11:05 am local time from the close of 2.6517% on
Monday: Wind Information.
- The CFETS-NEX money-market sentiment index closed at 60 on Monday vs 40 on
Friday.
--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$MM$]

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