Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.61 million) of seven-day reverse repos at an interest rate of 1.8 percent on Thursday. 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 by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

NEV brand Voyah makes debut in Italy

China's new energy vehicle brand, Voyah, has debuted in the Italian market after an official launch in Milan. Voyah is a brand of Dongfeng Motor Corp, based in Central China's Hubei province. Voyah has entered several European countries, including Norway, Finland, Denmark, the Netherlands, Bulgaria and the Czech Republic, with cumulative exports of nearly 10,000 units.

Xinhua - China Daily