(Yicai Global) Oct. 20 -- The People's Bank of China injected CNY70 billion (USD1.5 billion) into the financial system by conducting open market operations today.

The central bank carried out CNY70 billion in 7-day reverse repos today while no previous ones matured.

The purpose is to keep the liquidity of its financial system "reasonably ample," the regulator reiterated in a statement today. The PBOC resumed its daily OMOs on Oct. 14 after a long hiatus earlier this month.

Editor: Emmi Laine