Briefly

Reverse repos add 18b yuan to liquidity

The People's Bank of China, the country's central bank, said it injected 18 billion yuan ($2.62 billion) into the financial system through open market operations for seven-day, 2 percent reverse repos on Monday. 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.

Civil aviation sector maintains growth

In March, there were 11,657 daily domestic flights on average, up 133.5 percent year-on-year, showing steady growth of China's civil aviation sector, an industry report showed. According to a report released by VariFlight, a China-based civil aviation data service provider, the figure is up by 3 percent over that of March 2019.

Xinhua - China Daily