Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.5 million) of seven-day reverse repos at an interest rate of 1.8 percent on Tuesday. The move aims to keep liquidity reasonable and ample in the banking system, 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.

China a key importer of Vietnam's seafood

China was one of the three largest importers of Vietnam's fishery products in the first quarter of this year, together with the United States and Japan, Vietnam News Agency reported, citing data from the Vietnam Association of Seafood Exporters and Producers. The products' exports to the Chinese mainland and the Hong Kong special administrative region increased by 15 percent year-on-year, according to the report. China was the biggest importer of Vietnamese tra fish, white-legged shrimp, lobster, anchovies and crabs. China also received seven times more lobster exports from Vietnam in the first quarter compared to the same period in 2023.

Xinhua - China Daily