BEIJING, Jan. 16 (Xinhua) -- China's central bank on Monday added liquidity to the banking system via operations of medium-term lending facility (MLF) and reverse repos.

The People's Bank of China (PBOC) injected 779 billion yuan (about 116.03 billion U.S. dollars) into the market through one-year MLF with an interest rate of 2.75 percent.

The central bank also conducted 82 billion yuan of seven-day reverse repos at an interest rate of 2 percent, and 74 billion yuan of 14-day reverse repos at an interest rate of 2.15 percent.

The move aims to maintain reasonable and sufficient liquidity in the banking system, the central bank said.

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.