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Central bank injects liquidity into market

China's central bank pumped 200 billion yuan ($28.27 billion) into the financial system on Wednesday. The People's Bank of China injected 200 billion yuan into the market through seven-day reverse repos at an interest rate of 2.55 percent. With no reverse repos maturing on Wednesday, this led to a net injection of 200 billion yuan. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

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