Briefly

PBOC conducts central bank bills swap

The People's Bank of China conducted a central bank bills swap operation on Monday to improve the liquidity of perpetual bonds. The CBS, valued at 5 billion yuan ($708.5 million), is open to primary dealers for bidding at a fixed rate of 0.1 percent, the central bank said in a statement. The swap will be due on Aug 29.

Food industry sees steady growth

China's food industry registered steady growth in 2022. Major food companies with an annual turnover of at least 20 million yuan ($2.8 million) reported revenues of 9.8 trillion yuan last year, a yearly increase of 5.6 percent, according to the China National Light Industry Council.

Xinhua - China Daily