(Yicai Global) Aug. 31 -- The People's Bank of China carried out CNY80 billion (USD11.7 billion) worth of open market operations today to adjust the banking system's liquidity.

The central bank conducted CNY20 billion worth of seven-day reverse repos at an interest rate of 2.2 percent. That offset only some of the maturing reverse repos, as a tally of CNY100 billion expired today.

The central bank poured CNY810 billion into the banking system last week, which resulted in CNY50 billion in added liquidity.

Editor: Emmi Laine