China's central bank conducts 64 bln yuan of reverse repos

BEIJING, March 23 (Xinhua) -- China's central bank injected funds into the financial system through open market operations on Thursday.

The People's Bank of China said on its website that it has conducted 64 billion yuan (about 9.3 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent.

The move is aimed at keeping liquidity reasonable and ample in the banking system, according