PBOC injects a net 70 bln Yuan this week via OMOs

China’s central bank, the PBOC injects a net 70 bln Yuan from the market for the week via Open Market Operations (OMOs), versus a net drainage of 170 bln Yuan a week ago, Reuters reports.

Meanwhile, the PBOC injects CNY 40 bln via 7 day reverse repos, CNY 20 bln via 14 day reverse repos and CNY 20 bln via 28 day reverse repos, traders cited.