(Yicai Global) Jan. 25 -- The People's Bank of China maintained the balance of liquidity in the banking system via open market operations today.

The central bank conducted CNY2 billion (USD309 million) in seven-day reverse repos at 2.2 percent interest against the maturity of previous ones in an equal amount.

The PBOC injected a total of CNY598 billion into the financial system last week to meet surging demand for cash during a peak tax period.

That peak has now passed, the PBOC said on Jan. 22.

Editor: Ben Armour