(Yicai Global) Sept. 8 -- The People's Bank of China added CNY100 billion (USD14.6 billion) into the financial system this morning by conducting open market operations.

The central bank carried out CNY170 billion worth of seven-day reverse repos today while a previous tally of CNY70 billion expired.

The purpose of the operation is to keep the financial system's liquidity "reasonably ample," the PBOC reiterated in a statement today.

Editor: Emmi Laine