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China's central bank continued to inject funds into the financial system through open market operations on Tuesday.The People's Bank of China said on its website that it has conducted 29 billion yuan (about 4.21 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent.The mo
China's central bank said Monday it has decided to cut the reserve requirement ratio (RRR) for financial institutions to support the development of the real economy and reduce the comprehensive financing cost.The ratio will be cut by 0.5 percentage points, effective on Dec. 15, except for those fina
China's central bank skipped open market operations via reverse repos on Monday, citing abundant liquidity in the banking system.The system reports a relatively high level of liquidity at present, the People's Bank of China said in an online statement.No reverse repos became mature on Monday.A rever
