China's central bank skips open market operations
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The People's Bank of China, the country's central bank, skipped open market operations Thursday to maintain stable liquidity in the banking system.

The People's Bank of China (PBOC) said liquidity has been at a reasonably sufficient level.

The suspension came after injections of 267.4 billion yuan (39.8 billion U.S. dollars) of funds into the market via the targeted medium-term lending facility (TMLF) on Wednesday

Reverse repos worth 80 billion yuan mature on Thursday.

A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

China will keep its prudent monetary policy "neither too tight nor too loose" while maintaining market liquidity at a reasonably ample level in 2019, according to the annual Central Economic Work Conference held last year.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan