MNI: PBOC Net Injects CNY160 Bln Via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY160 billion

of seven-day reverse repos on Monday, ending a 36-day run without any open

market operations(OMOs). It resulted in a net injection of CNY160 billion in

liquidity, as no reverse repos mature today, according to Wind Information.

- The central bank said this is to offset the impact of taxation period, the

issuance of government bonds and the payment of required reserves by banks, and

other factors.

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

institutions (DR007) fell to 2.6884% at 10:02 a.m. local time from the close of

2.6922 on Friday: Wind Information;

- The CFETS-NEX money-market sentiment index closed at 43 on Friday, up from the

close of 36 on Thursday.

--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$MM$]