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PBOC Injects CNY210 Bln In OMOs Monday; Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China injected CNY110 billion in
seven-day reverse repos and CNY100 billion in 14-day reverse repos via
open-market operations Monday, Wind Information, a Shanghai-based financial data
provider, said.
     This resulted in a net zero injection/drain for the day, as a total of
CNY210 billion in reverse repos mature on Monday. 
     A total of CNY600 billion in reverse repos will mature this week. 
     In addition, a total of CNY287.5 billion in Medium-term Lending Facility
(MLF) instruments will mature Tuesday and CNY80 billion in government treasury
deposits will mature Friday.
     The CFETS-ICAP money-market sentiment index ended at 36 on Friday - down
from 45 at Thursday'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 9:45a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.7338%, compared with
2.8373% on Friday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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