Briefly

Oxygenation device gets NMPA's nod

China's National Medical Products Administration has given emergency approval to the country's first homegrown extracorporeal membrane oxygenation device and its accompanying supply kit. The ECMO device and its kit, developed by Shenzhen-based Chinabridge Medical, can support adult patients with acute respiratory or cardiopulmonary failure that other treatments cannot control and who are facing risks of deterioration or even death, according to the NMPA.

Large crude carrier delivered in Dalian

New Splendor, a very large crude carrier with a loading capacity of 300,000 metric tons, was delivered to its buyer in the coastal city of Dalian in Northeast China's Liaoning province this week. According to the manufacturer, the Dalian Shipbuilding Industry Co Ltd, the crude oil tanker boasts an all-layer energy-saving system, for top environmental protection performance. The company said this ship features leading energy-saving technology — which enhances the international competitiveness of China's shipbuilding and shipping industry. The ship's design meets the requirements of the latest emissions standards of nitrogen oxides and sulfur oxides, and also the hazardous substances list in the EU regulations on ship recycling.

RMB strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 14 pips to 6.8912 against the US dollar on Friday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

PBOC conducts reverse repos

China's central bank on Friday conducted 2 billion yuan ($291 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 in the banking system reasonable and ample, 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.

Xinhua - China Daily