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Analysts said the central bank's intention to keep liquidity stable is clear and Tuesday's operations will help ease the short-term liquidity squeeze.

An online credit system will be used, provided by Tencent Cloud infrastructure and FAW's own financial risk control model, which will enable customers to receive credit approvals and feedback within five minutes.

Analysts, however, said that while inflation may remain at relatively high levels in the coming months, the overall situation will be controllable given that the CPI will not spiral out of control.

And foreign exchange earnings also increased 116.7 percent to 4 million during the same period.

Analysts said the June employment report gave comfort to Federal Reserve officials that steady hiring in the labor market would not trigger too much inflation worry for the moment. The central bank could stick to its plan to gradually increase interest rates.