Briefly

PBOC adds liquidity via reverse repos

China's central bank continued to inject funds into the financial system through open market operations on Friday. The People's Bank of China said on its website that it has conducted 18 billion yuan ($2.6 billion) of seven-day reverse repos at an interest rate of 2 percent. The move is aimed at keeping liquidity reasonable and ample in the banking system.

China's vegetable exports increase

China's vegetable exports saw stable growth in 2022, with the export volume up 6.5 percent year-on-year, data from the Ministry of Agriculture and Rural Affairs show. Some 11.83 million metric tons of vegetables were exported last year, with a total value of $17.22 billion, up 9.2 percent year-on-year, according to the ministry. China imported 337,000 tons of vegetables in the same period. The total value of these imports was $960 million, down 19 percent from the previous year.

Firms listed in Beijing post 2022 profits

All 175 companies listed on the Beijing Stock Exchange have unveiled their 2022 earnings figures, with nearly 93 percent of them reporting profits. Net profits totaled 12.34 billion yuan ($1.78 billion) last year, up 6 percent year-on-year. The combined operating revenue stood at 130 billion yuan, up 22 percent from the previous year.