(Yicai Global) Dec. 22 -- The People's Bank of China pumped CNY120 billion (USD18.3 billion) into the country's financial system via open market operations today, following another injection of CNY90 billion (USD13.8 billion) yesterday.

The central bank conducted CNY120 billion in 14-day reverse repos at an interest rate of 2.35 percent, as well as CNY10 billion in seven-day reverse repos at 2.20 percent. Some CNY10 billion worth of previous ones matured.

The operation should maintain the banking system's liquidity steady at the end of the year, the PBOC said in a statement.

Editor: Emmi Laine