Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 15 billion yuan ($2.11 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. A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

New energy installed capacity surges

Shandong province's combined installed capacity of solar and wind power surpassed 82.28 million kilowatts by the end of 2023, ranking first among all provincial branches of State Grid, said the energy giant's Shandong branch. The East China province had the highest installed capacity of solar power in China, at 56.38 million kW, while wind power capacity stood at 25.91 million kW.

Xinhua - China Daily