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MNI: PBOC Net Injects CNY30 Billion via OMOs

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY30 billion
via 7-day reverse repos on Thursday, adding liquidity for a fourth consecutive
day. This resulted in a net injection of CNY30 billion as no reverse repos
matured, according to Wind Information.
     - The PBOC also injected CNY400 billion via one-year medium-term lending
facility (MLF) on the same day, according to a statement on its website. The
injection is CNY17 billion more than MLFs maturing today.
- This aims to offset the tax season and the maturity of MLF, and keep the
liquidity in the banking system reasonable and ample, the PBOC said.
- The 7-day weighted average interbank repo rate for depository institutions
(DR007) fell to 2.6500% at 0959 local time from the close of 2.6965% on
Wednesday: Wind Information. 
- The CFETS-NEX money-market sentiment index closed at 37 on Wednesday vs 46 on
Tuesday.
--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$MM$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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