Briefly

PBOC adds liquidity via reverse repos

China's central bank continued to inject funds into the financial system through open market operations on Tuesday. The People's Bank of China said it conducted 2 billion yuan ($278.22 million) of seven-day reverse repos at an interest rate of 1.9 percent.

Sinopec achieves pipeline milestone

China's first megaton high-pressure carbon dioxide transmission pipeline was put into operation on Tuesday, a significant achievement for China's large-scale development of the carbon capture, utilization and storage industrial chain, said its operator China Petrochemical Corp, also known as Sinopec. The 109-kilometer pipeline transports carbon dioxide captured from Sinopec's Qilu refinery in Shandong province to its Shengli oilfield for further displacement, storage and well stimulation.

Xinhua - China Daily