Briefly

Tianjin's Q1 e-trade $1.1b, up 12% y-o-y

North China's port city of Tianjin reported a total cross-border e-commerce foreign trade of 7.9 billion yuan ($1.1 billion) in the first quarter of this year, up 12 percent year-on-year, accounting for 4.1 percent of the city's foreign trade, according to the Tianjin municipal bureau of commerce.

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.6 million) of seven-day reverse repos at an interest rate of 1.8 percent on Wednesday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said in a statement.

Xinhua - China Daily