PBOC Injects Net CNY300 Bln at OMOs Monday

     BEIJING (MNI) - The People's Bank of China injected CNY280 billion in

seven-day reverse repos and CNY20 billion in 28-day reverse repos via

open-market operations Monday, Shanghai-based financial data provider Wind

Information said.

     This resulted in a net injection of CNY300 billion at OMOs for the day. No

reverse repos mature Monday. 

     Meanwhile, CNY113.5 billion in medium-term lending facility matured for the

day which means the central bank injected a net CNY186.5 billion.

     The PBOC injected a total of CNY260 billion at OMOs last week. A total of

CHY210 reverse repos matures this week. 

     The CFETS-ICAP money-market sentiment index ended at 47 Friday - up from 45

at Thursday's close. The lower the reading the better liquidity in the interbank

market.

     The PBOC is expected to make an official announcement about OMOs at

9:45a.m. Beijing time.

     The benchmark seven-day repo average was last at 2.6734% compared with

2.9079% Friday.

--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com

[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]