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PBOC injects 80.5b yuan into market

China's central bank injected 80.5 billion yuan ($12.12 billion) on Monday to maintain market liquidity. The People's Bank of China pumped 130 billion yuan into the money market via seven-day reverse repos, a process by which central banks purchase securities from banks with an agreement to sell them back in the future. The reverse repo was priced to yield at 2.25 percent, according to a PBOC statement.