Briefly

Reverse repos net 20b yuan, maintain liquidity

The People's Bank of China on Tuesday conducted 7-day, 2.1 percent reverse repos for 20 billion yuan ($3.1 billion) to maintain reasonably stable liquidity in the banking system. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Banks' non-cash payments up