The Chinese central bank is injecting more liquidity through reverse repo operations

(Xinhua) The People's Bank of China (the central bank) on Tuesday continued to inject money into the financial system through open market operations.
In a statement posted on its website, the People's Bank said it conducted seven-day reverse buybacks worth 29 billion yuan (about 4.02 billion U.S. dollars) at an interest rate of 2 percent.
The move aims to maintain stable and ample cash liquidity in the banking system, according to the central bank.
Reverse repo operations, known as a "reverse repo", are operations in which the central bank buys securities from commercial banks through bidding, with an agreement to sell them back to them in the future.