Yicai Global) Sept. 13 -- China's central bank, the People's Bank of China (PBOC), has injected USD10.8 Billion (CNY70 billion) from the financial system via open market operation today, while withdrawing CNY70 billion.
PBOC conducted 7-day reverse repurchases of CNY30 billion, 14-day reverse repos of CNY20 billion and 28-day reverse repos of CNY20 billion, offset by CNY70 billion of previous reverse repos maturing today.
The 7-day reverse repo bid rate is 2.45%, the 14-day reverse repo bid rate 2.6% and the 28-day reverse repo bid rate 2.75%. All were unchanged from the last open market operation.
The overnight Shanghai Interbank Offered Rate (SHIBOR) was up 0.17 basis points to 2.6500 percent. The one-week term rate increased 0.20 basis points to 2.8056 percent. The SHIBOR for one-month loans fell 0.57 basis points to 3.8920 percent.