Briefly

Number of registered entities increases

China's market entities registered rapid growth in recent years, with their total number rising from 55 million in 2012 to 146 million at the end of July, said the State Administration for Market Regulation. Companies more than trebled to 46 million, and there were 98 million self-employed businesses, about 2.5 times the 2012 number, thanks to the steady long-term growth of China's economy and its vast market, continuous optimization of the country's business environment, and hard work of entrepreneurs and employees.

7-day, 2.2% reverse repos net 10b yuan

The People's Bank of China, the central bank, on Wednesday conducted 10 billion yuan ($1.55 billion) worth of seven-day reverse repos carrying an interest rate of 2.2 percent, to maintain reasonably ample 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.

CR18BG begins last phase of UAE project

China Railway Eighteenth Bureau Group Co Ltd, or CR18BG, a subsidiary of State-owned China Railway Construction Corp Ltd, has begun the construction of the last phase of a 900-megawatt photovoltaic power plant in the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the United Arab Emirates.

Xinhua - China Daily