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PBOC Injects Net CNY270 Billion In OMOs Wednesday

     BEIJING (MNI) - The People's Bank of China injected CNY160 billion in
seven-day reverse repos and CNY140 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 injection of CNY270 billion for the day, as a total
of CNY30 billion in reverse repos mature on Wednesday. 
     A total of CNY227.5 billion of Medium-term Lending Facility (MLF) loans
will mature on Tuesday. Taking these into account, the PBOC injected a net of
CNY42.5 billion on Wednesday.
     The CFETS-ICAP money-market sentiment index ended at 41 on Tuesday, up
slightly from 40 at 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 2.6649%, compared with
2.8718% 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$MM$]

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