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PBOC Injects Net CNY40 Billion In OMOs Friday

     BEIJING (MNI) - The People's Bank of China injected CNY100 billion in
seven-day reverse repos and CNY40 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 CNY40 billion for the day, as a total
of CNY100 billion in reverse repos mature on Friday. 
     The PBOC injected a net CNY280 billion in liquidity via its OMO this week.
     The CFETS-ICAP money-market sentiment index ended at 55 on Thursday - up
sharply from 40 at Wednesday'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 9:45 a.m. Beijing time.
     The benchmark seven-day repo average was last at 2.6722%, compared with
2.9341% on Thursday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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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