(Yicai Global) Aug. 14 -- The People's Bank of China siphoned CNY50 billion (USD7.44 billion) from the country's financial system via an open market operation today, following a withdrawal of CNY100 billion yesterday.

A total of CNY50 billion previous reverse repos matured today, against which the PBOC conducted no new ones.
The central bank has shunned new OMOs for straight four trading days as it deems the banking system's liquidity still sufficient.

Editor: Ben Armour