Briefly

Reverse repos net $23.5b, lift liquidity

The People's Bank of China, the country's central bank, on Monday continued to pump cash into the banking system via reverse repos to maintain liquidity. The PBOC injected 150 billion yuan ($23.54 billion) into the market through seven-day reverse repos at an interest rate of 2.1 percent. The move aims to keep liquidity stable at the end of the quarter, the PBOC said. As 30 billion yuan of reverse repos matured on Monday, the operation led to a net injection of 120 billion yuan into the market.

Costa Rica gets water supply plant under BRI

Under the Belt and Road Initiative framework, an urban water supply plant, benefiting some 30,000 residents in northwestern Costa Rica, has been handed over to local operators. Costa Rican President Carlos Alvarado Quesada attended the ceremony for the third China-aided project, built by China Railway No 4 Engineering Group Co Ltd. The high-tech project's construction began in April 2019, to help Canas residents access sufficient water and Bebedero urbanites to eliminate excessive arsenic matter in their drinking water.

Xinhua - China Daily