(Yicai Global) May 8 -- The People's Bank of China pumped CNY10 billion (USD1.5 billion) into the nation's financial system via open market operations today. 

The central bank conducted a seven-day reverse repo worth CNY10 billion and no previous monetary tools are due to mature today. The bid rate for the reverse repo was 2.55 percent, unchanged from yesterday's operation.

The PBOC has injected cash into the banking system every day so far this week, adding a total of CNY50 billion. Prior to this week, it had not intervened since April 24.

Editor: James Boynton