SHANGHAI, March 4 China's central bank will
drain 85 billion yuan ($13.83 billion) from the money markets
through forward bond repurchase agreements on Tuesday, traders
The People's Bank of China drained 35 billion yuan through
14-day repos and 50 billion yuan through 28-day repos.
Maturing repos will inject a net 108 billion yuan into the
banking system this week.
The People's Bank of China (PBOC) conducted a net drain of
160 billion yuan from the banking system last week.
($1 = 6.1462 Chinese yuan)
(Reporting by Pete Sweeney and Steven Bian, Chen Yixin and Li
Hongwei; Editing by Paul Tait)