(Yicai Global) Jan. 22 -- The People's Bank of China net injected CNY30 billion (USD4.3 billion) into the banking system via open market operations today, increasing the system's liquidity for the seventh straight trading day.

The PBOC conducted CNY30 billion worth of 14-day reverse repos with an interest rate of 2.65 percent. No previous open market operations mature today.

The central bank has poured CNY380 billion (USD55.1 billion) into the financial system this week, following a record week of last week when it added CNY1.1 trillion (USD159.4 billion) to meet the surging demand for cash ahead of Chinese New Year.

Editor: Emmi Laine