PBOC Injects CNY240 Billion Via OMOs Wed; Liquidity Unchanged

     BEIJING (MNI) - The People's Bank of China injected CNY140 billion in

seven-day reverse repos, CNY40 billion in 14-day reverse repos and CNY60 billion

in 63-day reverse repos via its open-market operations Wednesday, Wind

Information, a Shanghai-based financial data provider, said.

     This resulted in no net injection or drain for the day, as a total of

CNY240 billion in reverse repos mature on Wednesday. The PBOC had added

liquidity to the market each of the previous four trading days. 

     The PBOC has injected a net CNY120 billion in liquidity so far this week.

     A total of CNY230 billion in reverse repos will mature the rest of this

week, and a total of CNY207 billion in Medium-term Lending Facility (MLF) loans

will mature on Friday.

     The CFETS-ICAP money-market sentiment index ended at 63 on Tuesday, the

same as Monday'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 2.6500%, compared with

2.8344% on Tuesday.

--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$MM$]