Briefly

Reverse repos put 10b yuan into system

The People's Bank of China, the country's central bank, on Wednesday injected 10 billion yuan ($1.52 billion) via seven-day, 2.1 percent reverse repos into the banking system to keep liquidity reasonably stable. 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.

Q1 gold output up 12%as provinces recover

China's gold production rose 12.04 percent year-on-year to about 83.4 tons during the first quarter, as major gold producing provinces, including Shandong and Henan, have resumed production, an industry report said on Wednesday. Gold consumption dropped 9.69 percent year-on-year, the report said.

Xinhua - China Daily