(Yicai Global) May 7 -- The People's Bank of China pumped another CNY20 billion (USD3 billion) into the nation's financial system via open market operations today.

The central bank conducted a seven-day reverse repo worth CNY20 billion and no previous monetary tools are due to mature today. The bid rate for the reverse repo was 2.55 percent, unchanged from yesterday's operation.

It was the second open market operation this week, the bank also conducted a seven-day reverse repo worth CNY20 billion yesterday, its first since April 24.

Editor: James Boynton