Central bank injects more funds

The central bank injected more funds through open market operations on Thursday, to ensure commercial banks have adequate resources to lend to the real economy.

The People's Bank of China restarted reverse repo operations after a suspension of 19 consecutive trading days, through which 40 billion yuan (5.8 billion) was injected into the banking system, according to a statement on its website on Thursday.

Meanwhile, it also deposited 120 billion yuan in cash from the national treasury into commercial banks for three months at an interest rate of 3.7 percent.