BEIJING, Jan. 28 (Xinhua) -- China's central bank continued to inject funds into the financial system through open market operations on Saturday.
The People's Bank of China said on its website that it has conducted 222 billion yuan (about 32.79 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent.
The move is aimed at keeping liquidity stable by the end of the month, according to the central bank.
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. ■
