The People's Bank of China injected 120 billion yuan (about 16.8 billion U.S. dollars) into the market through seven-day reverse repos at an interest rate of 2.2 percent.
The move aims to keep liquidity in the banking system at a reasonably sufficient level, according to a statement on the website of the central bank.
No reverse repos matured Wednesday.
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.
China's central bank pledged in its first-quarter monetary policy report that it will step up counter-cyclical adjustments to support the real economy, make the prudent monetary policy more flexible and appropriate, and continue to deepen the reforms of the market-oriented interest rate and the yuan exchange rate formation system.
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