BEIJING, Nov. 28 (Xinhua) - The People's Bank of China suspended open market operations on Wednesday, citing increased liquidity due to more expenditure at the end of the month.

(File photo: VCG)

It is the 24th consecutive working day for the central bank to skip open market operations, a record since early 2016 when the bank announced increased frequency of open market operations.

No reverse repos will mature this week.

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.

The central bank will maintain a prudent and neutral monetary policy, easing or tightening only as appropriate, and make the financial sector better serve the real economy, according to a report published by the bank in early November.