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MNI: PBOC Skips Open Market Operations, Net Drains CNY30 Bln

     BEIJING (MNI) - The People's Bank of China (PBOC) skipped open market
operations on Thursday, draining net CNY30 billion given the maturity of reverse
repos, according to Wind Information.
     - Total liquidity in the banking system is relatively high with increased
fiscal spending at the end of the year, PBOC said on its website.
     - The seven-day weighted average interbank repo rate for depository
institutions (DR007) rose to 2.6054% at 09:26 a.m. local time from the close of
2.4346% on Wednesday: Wind Information.
     - The CFETS-NEX money-market sentiment index closed at 34 on Wednesday,
flat from the close of Tuesday. The index gauges market expectations for
liquidity.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: archie.zhang@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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