Briefly

PBOC conducts 200b yuan reverse repos

China's central bank on Monday injected 200 billion yuan ($31.3 billion) into the financial system via reverse repos. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to the People's Bank of China. The move aims to offset the impact from the tax season and government bond issuances, and to keep liquidity in the banking system stable, the PBOC said.

Balance of loans in Shanghai rises

The balance of loans in Shanghai stood at 9.31 trillion yuan ($1.45 trillion) at the end of September, up 11.5 percent from a year earlier. The balance of loans in yuan reached 8.53 trillion yuan at the end of September, up 11.3 percent year-on-year, with the growth rate 0.1 percentage point higher than the previous month, according to the People's Bank of China Shanghai Head Office.

Xinhua - China Daily