PBOC drains a net 104 bln Yuan this week via OMOs

China’s central bank, the PBOC drained a net 104 bln Yuan for the week via open market operations (OMOs), versus a net injection of 595 bln last week.

For today, the Chinese central bank injected 20 bln Yuan through 7 day reverse repos, while seemed to have gauged demand for 14- and 28-day reverse repos.