Briefly

PBOC adds liquidity via reverse repos

China's central bank on Thursday conducted 2 billion yuan ($291.82 million) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2 percent, according to the People's Bank of China. The move aims to keep liquidity stable in the banking system, the central bank said. 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.

Tablet shipments increase in Q2

China's tablet computer shipments increased 1.9 percent year-on-year to 7.29 million units in the second quarter, according to the report released by global market research firm International Data Corp. Total shipments in the consumer tablet market hit some 6.73 million units, up 13 percent year-on-year.

Xinhua