Briefly

Progress made on conduit project

State-owned builders are working on an interconnective conduit project in Huaian's Lianshui county, Jiangsu province, to facilitate links between local highways and the Changchun-Shenzhen Expressway, a major national north-south expressway. According to China Railway 24th Bureau Group Corp, its builders have recently begun constructing the conduit project with a focus on the first pillar of a highway bridge within the project.

PBOC adds liquidity via reverse repos

China's central bank conducted 10 billion yuan ($1.41 billion) of seven-day reverse repos at an interest rate of 1.8 percent on Tuesday. The move aims to keep liquidity in the banking system reasonable and ample.

Xinhua - China Daily