The People's Bank of China, China's central bank, conducted 35 billion yuan worth of 7-day reverse repos at a yield of 2.50 percent in Thursday's open market operation.
Statistics show 35 billion yuan of reverse repos were due this week, and the central bank had offered 50 billion yuan of reverse repos on Tuesday.
As a result, the central bank finally injected a net 50 billion yuan into the money market via open market operations this week, realizing the second consecutive weekly capital injection.
Traders noted that as the adverse effect caused by the seasonal factors has gradually faded away, the central bank's continuous reverse repo offerings is conductive to stabilizing market sentiment.
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