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PBOC Drains Net CNY10 Billion In OMOs Friday

     BEIJING (MNI) - The People's Bank of China injected CNY10 billion in
seven-day reverse repos, CNY10 billion in 14-day reverse repos and CNY10 billion
in 63-day reverse repos via open-market operations Friday, Wind Information, a
Shanghai-based financial data provider, said. 
     This resulted in a net drain of CNY10 billion for the day, ending four
consecutive trading days that PBOC made net injections, as a total of CNY40
billion in reverse repos mature on Friday. 
     The PBOC has injected a total of CNY810 billion via its open-market
operations this week, the largest since the week of Jan. 14-20 this year. A
total of CNY122.5 billion in Medium-term Lending Facility (MLF) loans matured on
Thursday.
     A total of CNY80 billion in treasury deposits mature on Friday, while the
Ministry of Finance will deposit CNY120 billion into the banking system on
Friday.
     The CFETS-ICAP money-market sentiment index ended at 47 on Thursday, up
from 43 at Wednesday's close. The lower the reading the better the liquidity
conditions in the interbank market.
     The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45 a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6501%, compared with
2.8874% on Thursday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: rich.dirks@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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