China central bank skips open market operations Monday

BEIJING, May 13 (Xinhua) -- China's central bank skips open market operations Monday, citing sufficient liquidity in the banking system.

Meanwhile, 20 billion yuan (2.94 billion U.S. dollars) reverse repos matured Monday.

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.