The People's Bank of China, China' s central bank, conducted 30 billion yuan worth of 7-day reverse repos in Tuesday's routine open market operations.
Traders noted that the liquidity condition in the financial system still remained relatively stable after the central bank adopted multiple policy instruments such as reverse repos and medium-term lending facility (MLF) in a bid to smooth market liquidity.
On last Friday, the central bank injected 100 billion yuan liquidity into 13 financial institutions via its 6-month MLF.
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