PBOC Injects Net CNY20 Billion In OMOs Friday

     BEIJING (MNI) - The People's Bank of China injected CNY70 billion in

seven-day reverse repos and CNY50 billion in 14-day reverse repos via

open-market operations Friday, Wind Information, a Shanghai-based financial data

provider, said.

     This resulted in a net injection of CNY20 billion for the day, as a total

of CNY100 billion in reverse repos mature on Tuesday. 

     The PBOC has injected a net CNY110 billion in liquidity via its reverse

repos this week.

     A total of CNY287.5 billion of medium-term lending facility (MLF)

instruments matured Tuesday and the PBOC injected a total of CNY399.5 billion

via new one-year MLF instruments on the same day.

     All tools included, the PBOC injected a net of CNY222 billion this week.

     The CFETS-ICAP money-market sentiment index ended at 51 on Thursday - down

from 66 at Wednesday's close -- as rumors circulated around the market that the

PBOC injected liquidity via its standing lending facilities (SLF) in the

afternoon. 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 2.6683%, compared with

2.8879% on Thursday.

--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$MM$]