Briefly

Central SOEs report rise in investment

China's centrally-administered State-owned enterprises have expanded effective investment in the first five months, official data showed. During the January-May period, China's central SOEs invested 1.7 trillion yuan ($235.6 billion), up 12.5 percent from the same period last year, according to the State-owned Assets Supervision and Administration Commission of the State Council. The total fixed-asset investment, excluding real estate, by those enterprises rose 20.4 percent year-on-year to 1 trillion yuan during the first five months.

Reverse repos add 2b yuan to liquidity

The People's Bank of China, the country's central bank, conducted 2 billion yuan ($277.6 million) of seven-day, 1.9 percent reverse repos through open market operations on Tuesday. The move is aimed at keeping liquidity in the banking system reasonable and ample.

Xinhua - China Daily