What's news

Govt and policies

Central bank injects liquidity into market

The People's Bank of China, the nation's central bank, on Thursday continued to pump cash into the financial system through open market operations to maintain liquidity in the market. The central bank conducted 30 billion yuan ($4.36 billion) of 14-day reverse repos, a liquidity-injecting process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. The interest rate for the operation stood at 2.7 percent. The moves aimed to ensure stable liquidity in the middle of the year, the statement said.