(Yicai Global) Sept. 9 -- The People's Bank of China added CNY100 billion (USD14.6 billion) into the financial system for the second straight day by conducting open market operations.

The central bank carried out CNY120 billion worth of 7-day reverse repos today while a previous tally of CNY20 billion (USD2.9 billion) expired. This week, the PBOC has injected CNY220 billion into the banking system.

The purpose is to keep the liquidity of the financial system "reasonably ample," the regulator reiterated in a statement today.

Editor: Emmi Laine