File photo shows the headquarters of the People's Bank of China in Beijing, capital of China. (Xinhua/Cai Yang)
BEIJING, Sept. 26 (Xinhua) -- China's central bank Sunday conducted 100 billion yuan (15.48 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system.
The interest rate for the 14-day reverse repos was set at 2.35 percent, according to the People's Bank of China.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. ■