Briefly

Beibu Gulf Port cargo throughput up 5%

Cargo throughput of Beibu Gulf Port Group, which operates the Beibu Gulf Port in South China's Guangxi Zhuang autonomous region, rose 5.25 percent year-on-year to 65.17 million tons in the first quarter of this year. The company handled over 1.4 million twenty-foot equivalent unit containers, up 11 percent year-on-year. Seizing opportunities offered by the Regional Comprehensive Economic Partnership, the company launched cold-chain express lines linking the port with Southeast Asian countries such as Thailand, Cambodia and Vietnam.

Reverse repos net 20b yuan, boost liquidity

The People's Bank of China, the country's central bank, on Wednesday conducted seven-day, 2.1 percent reverse repos for 20 billion yuan ($3.14 billion) to maintain reasonably stable 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.

Xinhua