(Yicai Global) Jan. 20 -- The People's Bank of China net injected CNY250 billion (USD36.4 billion) into the country's financial system today, following a record high of CNY1.1 trillion (USD160.4 billion) added last week.

The central bank conducted CNY250 billion worth of 14-day reverse repos with an interest rate of 2.65 percent this morning. No previous open market operations will mature today.

The PBOC conducted OMOs for four straight days last week in order to meet the surging demand for cash ahead of Chinese New Year.

Editor: Emmi Laine