BEIJING, Feb 11 (Reuters) - China's central bank said it will skip open market operations for the 13th straight trading day on Sunday to maintain stable liquidity in the banking system.
The People's Bank of China (PBOC) said Contingent Reserve Arrangement and fiscal expenditure provided liquidity ahead of China's Spring Festival.
The PBOC drained a net 760 billion yuan ($120.7 billion) from the money market last week.($1 = 6.2966 Chinese yuan renminbi)
(Reporting by Matthew Miller; Editing by Paul Tait)
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