BEIJING -- The People's Bank of China, the country's central bank, announced on Friday that it will conduct a 600-billion-yuan (about $88 billion) outright reverse repo operation on Monday to maintain ample liquidity in the banking system.

BEIJING -- The People's Bank of China, the country's central bank, announced on Friday that it will conduct a 600-billion-yuan (about $88 billion) outright reverse repo operation…

China will establish a new liquidity facility for overseas central banks and official institutions, People's Bank of China Governor Pan Gongsheng said, in what analysts described…