Briefly
PBOC adds liquidity via reverse repos
China's central bank conducted 265 billion yuan ($37.26 billion) in seven-day reverse repos at an interest rate of 1.8 percent on Wednesday. The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement. A reverse repo is a process by which the central bank purchases securities from commercial lenders through bidding, with an agreement to sell them back in the future.
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