China's central bank continued its net cash injections via open market operations on Tuesday.
The People's Bank of China (PBOC) conducted 80 billion yuan (about 11.6 billion U.S. dollars) of reverse repos, a process by which the central bank purchases securities from banks through bidding, with an agreement to sell them back in the future.
The injection saw a net 30 billion yuan pumped into the market Tuesday, offset by 50 billion yuan in maturing reverse repos.
The operations included seven-day reverse repos priced to yield 2.45 percent, 14-day contracts with a yield of 2.6 percent, and 28-day agreements with a yield of 2.75 percent, according to a central bank statement.
