(Yicai Global) Jan. 15 -- The People's Bank of China broke its open market operations silence today to net inject CNY400 billion (USD58.1 billion) into the country's financial system with an aim to maintain adequate liquidity before the upcoming Chinese New Year.

The PBOC added CNY300 billion via its one-year medium-term lending facility with an interest rate of 3.25 percent. It also kicked off CNY100 billion in 14-day reverse repos with a rate of 2.65 percent. No previous OMOs mature today. 

The central bank has skipped OMOs for the last 15 trading days. On Jan. 6, it lowered the reserve requirement ratio by 0.5 percentage point, releasing CNY800 billion to provide long-term liquidity for the banking system.

Editor: Emmi Laine