Briefly

CBS set to improve liquidity of bonds

The People's Bank of China, the country's central bank, conducted a central bank bills swap operation on Wednesday to improve the liquidity of perpetual bonds. The three-month CBS, valued at 5 billion yuan ($703.48 million), is open to primary dealers for bidding at a fixed rate of 0.1 percent, the central bank said in a statement. The CBS scheme allows dealers to swap the perpetual bonds they hold for central bank bills.

Logistics sector remains stable

China's logistics sector remained stable in January amid unfavorable weather conditions in parts of the country, said the China Federation of Logistics and Purchasing. The index tracking the country's logistics market performance stood at 52.7 percent last month, edging down 0.8 percentage point from December.

Xinhua - China Daily