(Yicai Global) Feb. 1 -- China's central bank  continued to inject funds into the country's financial system today to  maintain liquidity at a "reasonably ample" level ahead of the Chinese  New Year holiday, which starts on Monday.

The People's Bank of China added market liquidity  through a 14-day reverse repo again today to the tune of CNY80 billion  (USD11.9 billion), compared with CNY 50 billion on each of the two  previous days. There are still no maturing previous reverse repos today.

The 14-day rate was offered at 2.7 percent, unchanged from previous open market operations.

The move pushed most Shanghai Interbank Offered  Rates lower with the overnight rate down 13.8 basis point to 2.1000  percent. The rate jumped 23.59 basis points yesterday. The one-week  SHIBOR rate fell 3.4 basis points to 2.7220 percent while the one-month  rate fell 0.4 basis point to 2.8350 percent.