(Yicai Global) Feb. 11 --  The People's Bank of China withdrew CNY280 billion (USD40.1 billion)  from the country's financial system today by letting some open market  operations mature without replacements just a day after boosting the  system's liquidity.

The central bank conducted  CNY100 billion worth of 7-day reverse repos at a 2.4 percent rate. Some  CNY380 billion worth of OMOs matured today.

The move is to partially offset some maturing OMOs and to keep the banking system's liquidity ample, the PBOC said in a press briefing today.

Editor: Emmi Laine