Briefly

PBOC conducts reverse repos

China's central bank on Wednesday conducted 10 billion yuan ($1.57 billion) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People's Bank of China. The move aims to keep liquidity in the banking system reasonably stable, the central bank said.

China's Q1 rail freight volume up 2.8%

China's rail cargo volume, a key indicator of economic activities, rose 2.8 percent year-on-year in the first quarter, data from China State Railway Group Co Ltd showed. Some 948 million tons of cargo were transported on railways in the period, 25.87 million tons more than that in the same period last year.

Xinhua