Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 265 billion yuan ($37.26 billion) in seven-day reverse repos at an interest rate of 1.8 percent on Wednesday. The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement. A reverse repo is a process by which the central bank purchases securities from commercial lenders through bidding, with an agreement to sell them back in the future.

Chongqing opens 1st airfreight route to UK

A new airfreight route linking Southwest China's Chongqing municipality and London was launched on Tuesday. The route, which connects Chongqing Jiangbei International Airport and London Stansted Airport, marks the first direct air cargo route linking Chongqing and the United Kingdom, said CJIA. Operated by London-based Titan Airways, the route utilizes A330-300 all-cargo aircraft three times a week.

Xinhua - China Daily