Briefly

Sinopec enters Sri Lankan retail fuel market

China Petroleum & Chemical Corp announced its official entry into Sri Lanka's retail fuel market on Monday. The momentous occasion marked the commencement of fuel supply to Sri Lanka's filling stations. Under the agreement inked between Sinopec and the Ministry of Power and Energy of Sri Lanka, Sinopec has secured a 20-year license to franchise 150 existing filling stations throughout the South Asian nation and invest in an additional 50 filling stations.

Central bank adds liquidity via $53b reverse repos

China's central bank conducted 378 billion yuan ($52.72 billion) of 14-day reverse repos at an interest rate of 1.95 percent on Tuesday. The move aims to keep liquidity stable at the end of the quarter, the People's Bank of China said in a statement.

Xinhua - China Daily