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MNI China Daily Summary: Monday, May 29

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MNI: PBOC Net Injects CNY34 Billion via OMOs Monday

MNI (Singapore)
MNI (Beijing)
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The People's Bank of China (PBOC) conducted CNY41 billion via 7-day reverse repos on Monday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY34 billion after offsetting the maturity of CNY7 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9603% at 10:00 am local time from the close of 2.0253% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 44 on Friday, compared with the close of 59 on Thursday.
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The People's Bank of China (PBOC) conducted CNY41 billion via 7-day reverse repos on Monday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY34 billion after offsetting the maturity of CNY7 billion reverse repos today, according to Wind Information.

  • The operation aims to keep banking system liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 1.9603% at 10:00 am local time from the close of 2.0253% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 44 on Friday, compared with the close of 59 on Thursday.