The People’s Bank of China tripled the amount of cash added to the financial system in its open-market operations, helping to ensure an adequate supply of funds as it supports the yuan following last week’s devaluation.
The central bank conducted 120 billion yuan ($18.8 billion) of seven-day reverse-repurchase agreements, up from 40 billion yuan on Thursday, according to a statement on its website. That compares with 50 billion yuan of contracts that matured Tuesday and was the largest offering of reverse repos since late January
