(Yicai Global) Oct. 24 -- China's central bank, the People's Bank of China (PBOC), poured CNY250 billion (USD37.7 billion) into the financial system via open market operations today, while withdrawing CNY110 billion.

PBOC conducted 7-day reverse repo of CNY130 billion and 14-day reverse repo of CNY120 billion, offset by CNY110 billion of previous reverse repos maturing today.

The 7-day reverse repo bid rate was 2.45 percent, while the 14-day rate was offered at 2.6 percent, both unchanged from the previous open market operations.

The overnight "Shanghai Interbank Offered Rate" (SHIBOR) was up 1.80 basis points at 2.6340 percent. The one-week term rate inched up 0.02 basis points to 2.8343 percent. The SHIBOR for 3-month loans surged 0.10 basis points to 4.3803 percent following a 10-day rising streak to hit the highest since Sept. 12.