Briefly

Reverse repos add $281m to liquidity

The People's Bank of China, the country's central bank, conducted 2 billion yuan ($281.48 million) of seven-day, 1.8 percent reverse repos on Tuesday, to keep liquidity reasonable and ample. 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.

Freight on China-Europe trains grows

China-Europe freight train services saw solid growth from January to April, with continuous improvements to the transport capacity, efficiency and service quality. The number of China-Europe freight train services increased by 10 percent year-on-year to 6,184 trips in the first four months, China State Railway Group Co Ltd (China Railway) said. About 675,000 twenty-foot equivalent units or TEUs of goods were transported by the freight trains during this period, up 11 percent year-on-year.

Xinhua - China Daily