China's central bank injected 234.6 billion yuan ($33.29 billion) into the banking system on Monday through open market operations to keep cash adequate at the end of the third quarter. The People's Bank of China (PBOC) injected 160.

The Chinese central bank has reduced the amount of reserves banks are required to keep, among other moves it is rolling out to help revive the slowing economy

China’s central bank lowered a short-term policy rate and pumped more liquidity into the financial system, as it continues efforts to help boost the economy.