Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 5 billion yuan ($704.4 million) in 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, the People's Bank of China said in a statement. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Hebei sees Jan-Feb foreign trade growth

North China's Hebei province posted steady foreign trade growth in the first two months, said Shijiazhuang Customs. Hebei's total imports and exports grew 14.7 percent year-on-year to 97 billion yuan ($13.66 billion) during the period. Exports hit 54.19 billion yuan, marking a 20.7 percent increase, while imports edged up 7.9 percent to 42.81 billion yuan.

Xinhua - China Daily