Briefly

PBOC adds liquidity via reverse repos

China's central bank continued to inject funds into the financial system through open market operations on Thursday. The People's Bank of China said that it conducted 2 billion yuan ($281 million) 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.

Nanjing to build science park

Nanjing, the capital of East China's Jiangsu province, is set to build a science park featuring future networks and future industries, local authorities said. The park, focusing on the fields of 6G communications, new networks and information metamaterials, will be jointly built by Southeast University and the Jiangning Development Zone, according to a three-year action plan jointly released by the Nanjing municipal government and the university.

Xinhua - China Daily