(Yicai Global) Dec. 25 -- The People's Bank of China decanted CNY30 billion (USD4.6 billion) into the financial system via an open market operation today, a sum equal to yesterday’s injection.

The central bank conducted CNY40 billion seven-day reverse repos at 2.20 percent. Some CNY10 billion worth of previous ones matured today.

The central bank has now sluiced a net CNY370 billion into the banking system this week, following another injection of CNY560 billion last week, as cash demand is set to surge at year’s end.

Editor: Ben Armour