Briefly

PBOC injects MLF funds into market

China's central bank pumped cash into the financial system through open market operations on Thursday to maintain liquidity in the market. A total of 200 billion yuan ($31 billion) was injected into the market via medium-term lending facility, according to the People's Bank of China, the central bank. The funds will mature in one year at an interest rate of 2.95 percent. The operation included a rollover of MLF funds that matured on Thursday. Meanwhile, the central bank injected 20 billion yuan into the market through seven-day reverse repos at an interest rate of 2.2 percent.

PICC earns 566b yuan in premium income

The People's Insurance Co Group of China, China's leading insurer, posted 566.1 billion yuan ($87.9 billion) in premium income in 2020. In 2021, PICC will accelerate its development of agricultural product insurance and commercial endowment insurance, and will promote the upgrading and expansion of science and technology insurance.

Beijing retailers post 43.1% growth in sales

Leading retailers, caterers and e-commerce platforms witnessed strong sales during the Spring Festival holiday, according to the Beijing Municipal Commerce Bureau. The 100-odd retailers saw a 43.1 percent year-onyear growth in sales during the seven-day period. Offline sales of these retailers and caterers rose by 59.5-percent over a year ago, the bureau said.

Xinhua