Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 363 billion yuan ($51 billion) of seven-day reverse repos at an interest rate of 1.8 percent on Thursday. The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.

BMW reports strong NEV sales in China

German auto firm BMW Group said it sold more than 300,000 new energy vehicles in the Chinese market, with strong growth momentum in sales of pure electric models. In the first 10 months of 2023, BMW's sales of pure electric vehicles in China jumped 211 percent year-on-year to 78,568 units.

Xinhua - China Daily