China's central bank says it will skip OMOs on Monday

On a net basis, the People's Bank of China (PBOC) will drain 40 billion yuan ($6.17 billion) from the money market for the day, equal to the amount of reverse repos due to mature on Monday.

The PBOC drained a net 510 billion yuan from the money market last week.

China's central bank drained 65 billion yuan on a net basis from money markets in 2017.

(Reporting by the Shanghai Newsroom; Editing by Sam Holmes)