(Yicai Global) Aug. 12 -- The People's Bank of China net withdrew CNY60 billion (USD8.9 billion) from the financial system via an open market operation today as it deems liquidity still sufficient.

A total of CNY60 billion previous reverse repos matured today, against which the PBOC conducted no new ones. The central bank has paused fresh infusions for three straight trading days.

The PBOC pulled another CNY560 billion on Aug. 9, the first trading day after the National Day Holiday, as the previous OMOs matured during the eight-day vacation.

Editor: Ben Armour