China c.bank to sell 56 bln yuan 1-year bills

SHANGHAI, Sept 6 (Reuters) - China's central bank said on Monday that it would auction 56 billion yuan ($8.23 billion) of one-year bills in its open market operations on Tuesday, up from 12 billion yuan of such bills sold last week.

A total of 274 billion yuan in central bank bills and repos are due to mature this week. Last week, the PBOC conducted a net injection of 70 billion yuan into the market.

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 56

Thursday TBA

Repos

Tuesday TBA

Thursday TBA

Bills maturing 264

Repos maturing 10

___________________________________________________

TOTAL n/a 274

TBA: to be announced
($1=6.8 Yuan)
(Reporting by Tony Zhou and Jacqueline Wong; Writing by Chen Yixin)
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