Briefly

Cross-border travel increases in mainland

The number of people who crossed the Chinese mainland border on Monday reached 676,000, the highest single-day figure since the nation's last COVID-19 outbreak, the National Immigration Administration said on Tuesday. The figure was 32.8 percent higher than on Sunday and 124.4 percent higher than the average daily number reported before the implementation of China's optimized immigration management policies last month.

PBOC, Brazil's central bank forge yuan pact

The People's Bank of China, the country's central bank, said on Tuesday that it had signed a memorandum of cooperation with Brazil's central bank on establishing renminbi clearing arrangements in Brazil. The arrangements will boost the use of the Chinese currency in cross-border transactions between enterprises and financial institutions in the two countries and further facilitate bilateral trade and investment, the PBOC said.

IMF official sees consumption back

Recent data indicate business confidence and consumption are rising in China after the country optimized its COVID-19 response in late December, which led to increased mobility, said Thomas Helbling, deputy director of the IMF's Asia and Pacific Department, noting he expects "revenge consumption" in the country.

Benchmark spot gold prices trend lower

China's benchmark prices for spot interbank gold transactions were lower Tuesday, according to the China Foreign Exchange Trade System. The benchmark price for gold that is 99.95 percent pure or above stood at 413.82 yuan ($60.89) per gram, down 5.39 yuan from the previous trading day, while the price for gold that is 99.99 percent pure or above went down 5.48 yuan to 414.04 yuan per gram.

Reverse repos add 393b yuan liquidity

The People's Bank of China, the country's central bank, continued to inject funds into the financial system through open market operations on Tuesday. The PBOC conducted 393 billion yuan ($57.82 billion) of seven-day, 2 percent reverse repos that are expected to keep liquidity reasonable and ample.

Xinhua - China Daily