(Yicai Global) Sept. 4 -- The People's Bank of China maintained the balance of liquidity in the banking system today via open market operations, following an injection of CNY20 billion (USD2.8.8 billion) yesterday.

The central bank conducted a seven-day reverse repo of CNY100 billion at a 2.20 percent interest rate against an equal amount of previous ones maturing.

The PBOC siphoned of CNY470 billion in cash from the banking system throughout this week as CNY750 billion reverse repos matured, while only conducting CNY280 billion in new ones.

Editor: Ben Armour