(Yicai Global) July 2 -- The People's Bank of China let CNY70 billion (USD9.9 billion) worth of reverse repos mature today without replacements, maintaining that the banking system's liquidity is sufficient.

The central bank has suspended conducting new open market operations for four trading days in a row, cutting the system's liquidity by a total of CNY380 billion (USD53.8 billion) as previous reverse repos matured during these days.

Editor: Emmi Laine