(Yicai Global) Sept. 3 -- The People's Bank of China net injected CNY20 billion(USD2.9 billion) into the financial system via open market operations today, ending liquidity reductions over five straight trading days.

The central bank conducted a seven-day reverse repo of CNY120 billion with an interest rate of 2.20 percent against the maturity of CNY100 billion previous ones.

The PBOC had withdrawn CNY650 billion in cash in total from the banking system in the last five trading days as the capital supply was ample.

Editor: Ben Armour