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PBOC Injects Net CNY50 Billion In OMOs Monday

     BEIJING (MNI) - The People's Bank of China injected CNY100 billion in
seven-day reverse repos and CNY80 billion in 14-day reverse repos via its
open-market operations Monday, Wind Information, a Shanghai-based financial data
provider, said.
     This resulted in a net injection of CNY50 billion for the day, as a total
of CNY230 billion in reverse repos mature on Monday. 
     A total of CNY750 billion of reverse repos will mature this week. 
     The PBOC injected a net CNY110 billion in liquidity via its reverse repos
last week.
     The CFETS-ICAP money-market sentiment index ended at 50 on Friday - down
from 51 at Thursday's close -- as the effects of seasonal factors disturbing
liquidity situation last week, including tax and required reserves deposits
payment, faded. The lower the reading the 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 2.6536%, compared with
2.8713% on Friday.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@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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