(Yicai Global) Sept. 1 -- The People's Bank of China withdrew a net CNY230 billion (USD33.14 billion) from the financial system via open market operations today, following the drainage of CNY80 billion yesterday.

The central bank conducted a seven-day reverse repo of CNY20 billion at a 2.20 percent interest rate, against the maturing of CNY250 billion previous ones.

Editor: Ben Armour