Briefly

Rural policy bank bolsters infrastructure

Agricultural Development Bank of China, a rural policy bank, has provided a fund of 245.9 billion yuan ($34.58 billion) to support infrastructure projects. Established on July 20, the fund has been funneled to 1,677 projects that entail a total investment of 3 trillion yuan, the bank said.

Reverse repos add 230b yuan to liquidity

People's Bank of China, the country's central bank, on Tuesday conducted 230 billion yuan ($32.09 billion) of seven-day, 2 percent reverse repos to maintain stable liquidity in the banking system, and to offset the impacts of the peak tax period.

Xinhua - China Daily