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PBOC Injects CNY140 Bln at Wednesday OMOs; Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China injected CNY70 billion in
seven-day reverse repos and CNY70 billion in 14-day reverse repos via
open-market operations Wednesday, Wind Information, a Shanghai-based financial
data provider, said.
     This resulted in a net zero injection/drain for the day.
     A total of CNY140 billion in reverse repos matures Wednesday. 
     Today is the eighth consecutive trading day the PBOC didn't add liquidity
at OMOs. 
     The CFETS-ICAP money-market sentiment index ended at 43 Tuesday compared
with 47 at Monday's close. The lower the reading the better liquidity in the
interbank market.
     The PBOC is expected to make an official announcement on its website about
Wednesday's OMOs at about 9:45a.m. Beijing time.
     The benchmark seven-day repo average was last at 2.7643% compared with
2.8590% on Tuesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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