(Yicai Global) Dec. 23 -- The People's Bank of China net injected CNY50 billion (USD7.1 billion) into the financial system via open market operations today.

The central bank conducted a fourteen-day reverse repo of that amount with an interest rate of 2.65 percent. No reverse repos matured today.

PBOC net injected CNY630 billion into the banking system via OMOs last week in order to meet the increasing need for cash at the end of the year.

Editor: James Boynton