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     BEIJING (MNI) - The People's Bank of China injected CNY20 billion in
seven-day reverse repos and CNY10 billion in 28-day reverse repos at open-market
operations Wednesday, Shanghai-based financial data provider Wind Information
said.
     This resulted in a net zero injection/drain for the day.
     A total of CNY30 billion in reverse repos matures Wednesday. 
     The CFETS-ICAP money-market sentiment index ended at 48 on Tuesday -- down
from 58 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 9:45a.m. Beijing time.
     The benchmark seven-day repo average was last at 2.6882% compared with
2.9366% Tuesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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