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     BEIJING (MNI) - The People's Bank of China injected CNY40 billion in
seven-day reverse repos, CNY20 billion in 14-day reverse repos and CNY20 billion
in 63-day reverse repos via open-market operations Friday, WallStreetCN, a
Chinese financial information company, said.
     This resulted in a net injection of CNY50 billion on the day, as a total of
CNY30 billion in reverse repos mature on Friday. 
     Today is the first day this month that the PBOC made a net injection via
its open market operations. 
     The PBOC drained a total of CNY230 billion in liquidity via its open market
operations this week.
     The CFETS-ICAP money-market sentiment index ended at 49 on Thursday,
slightly up from 47 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 9:45a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6997%, compared with
2.9026% 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$MM$]