China c.bank refrains from draining funds via repos

SHANGHAI, Aug 10 (Reuters) - China's central bank will refrain from draining funds from the money markets via short-term bond repurchase agreements on Tuesday, traders said.

The People's Bank of China (PBOC) will mop up 33 billion yuan ($4.9 billion) by selling one-year bill at about 10 a.m. (0200 GMT) on Tuesday.

Following is a summary of the volume of the PBOC's bill sales and repo operations so far this week (billions of yuan):

Newly issued Maturing

___________________________________________________

Bills

Tuesday 33

Thursday TBA

Repos

Tuesday 0

Thursday TBA

Bills maturing 62

Repos maturing 30

___________________________________________________

TOTAL n/a 92

TBA: to be announced
($1=6.76 Yuan)
(Reporting by Qu Weizhi and Karen Yeung; Writing by Chen Yixin; Editing by Jason Subler)
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