The People's Bank of China, China's central bank, conducted 120 billion yuan worth of 7-day reverse repos in Thursday's open market operations.
As there were 80 billion yuan worth of reverse repos due on Thursday, the central bank injected a net 40 billion yuan into the banking system via its open market operations this week.
Traders noted that due to the subdued expectations for yuan's depreciation and slower capital outflows, the liquidity condition in the financial system was expected to remain stable in the near future.
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