China central bank skips open market operations

BEIJING - China's central bank suspended open market operations on Friday as liquidity remained ample.

Liquidity in the banking system was at a "relatively high" level, said the People's Bank of China on its website.

The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.

China has vowed to maintain a prudent and neutral monetary policy in 2018 to balance growth and risk prevention.