(Yicai Global) Nov. 17 -- The People's Bank of China net withdrew CNY70 billion (USD10.6 billion) from the financial system as previous open market operations matured today.

The central bank conducted a seven-day reverse repo of CNY50 billion with an interest rate of 2.20 percent today, against the maturity of CNY120 billion former ones.

The PBOC conducted a medium-term lending facility of CNY800 billion (USD121 billion) yesterday encompassing CNY600 billion previous ones due this month, thereby replenishing long term liquidity in the banking system.

Editor: Ben Armour