(Yicai Global) Oct. 16 -- China's central bank, the People's Bank of China (PBOC), infused USD3 Billon (CNY20 billion) into the financial system via open market operations today, while withdrawing USD3 Billion (CNY20 billion).

PBOC conducted seven-day reverse repurchases of CNY20 billion, with a 2.45% bid rate unchanged from its last open market operation.

The overnight Shanghai Interbank Offered Rate (SHIBOR) slipped 1.10 basis points to 2.5940 percent. The one-week term rate shrugged 0.36 basis points to 2.8480 percent. The SHIBOR for three-month loans rose 0.69 basis points to 4.3668 percent.