Briefly

Reverse repos add 2b yuan to system

The People's Bank of China, the country's central bank, on Monday conducted 2 billion yuan ($293.3 million) of seven-day, 2 percent reverse repos to maintain 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.

Yunnan green energy 90% of total capacity

The total installed power capacity of Southwest China's Yunnan province had reached 106 million kilowatts by 2021, with the installed green energy capacity exceeding 90 million kilowatts, accounting for about 90 percent of the total, according to the provincial energy administration. The figure was 2.5 times that of 2012. "Over the past decade, most mainstream hydropower stations have been put into operation in Yunnan," said Lu Wenxiang, director of the province's energy administration. The installed capacity of hydropower in Yunnan has increased from 34.99 million kilowatts to 78.2 million kilowatts, ranking second in the country in terms of installed capacity.

Xinhua - China Daily