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(Yicai Global) Oct. 10 -- China's central bank, the People's Bank of China (PBOC), retained the liquidity equilibrium of the financial system via open market operations today.
PBOC conducted 7-day reverse repos of CNY40 billion, completely offset by previous reverse repos maturing today.
The 7-day reverse repo bid rate was 2.45 percent, unchanged from the last open market operation.
The overnight Shanghai Interbank Offered Rate (SHIBOR) was almost unchanged, up 0.20 basis points to 2.7380 percent. The one-week term rate increased 1.89 basis points to 2.9390 percent. The SHIBOR for 3-month loans edged up 0.39 basis points to 4.3541 percent.