Briefly

PBOC adds liquidity via reverse repos

China's central bank on Monday conducted 3 billion yuan ($447.3 million) 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.

Telecom expansion stable in Jan-May

China's telecommunication industry raked in 665 billion yuan ($99.46 billion) in revenue in the first five months, up 8.5 percent year-on-year, according to the Ministry of Industry and Information Technology.

Xinhua