PBOC drains a net 420 bln Yuan this week via OMOs

China’s central bank, the PBOC drained a net 420 bln Yuan for the week via open market operations (OMOs), versus a net 670 bln injection last week.

For today, the Chinese central bank injected 30 bln Yuan through 14-day reverse repos, and injected 10bn yuan through 28-day reverse repos, MNI quoted traders.