Briefly

Cargo carrier expands freighter fleet to 75

SF Airlines, China's largest air-cargo carrier, said it has expanded the size of its all-cargo freighter fleet to 75. The latest member of the SF Airlines fleet, a Boeing 767-300 widebody freighter, has already started commercial operation on the Beijing-Shenzhen route, said SF Airlines. It is a new move to strengthen the airline's capacity to serve the air-cargo peak season during the upcoming Mid-Autumn Festival and National Day Holiday. The cargo carrier has added up to seven freighters to its fleet this year. Headquartered in Shenzhen, Guangdong province, SF Airlines is the aviation branch of SF Express.

PBOC adds liquidity via reverse repos

China's central bank on Thursday conducted 2 billion yuan ($289.23 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 stable liquidity in the banking system, the PBOC said. A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

China Daily - Xinhua