Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.21 million) in 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 in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

8th China-Eurasia Expo coming up

The 8th China-Eurasia Expo is scheduled to be held between June 26-30 in Northwest China's Xinjiang Uygur autonomous region, said China's Ministry of Commerce. The ministry said the expo will cover an area of 140,000 square meters with four major exhibition zones covering investment cooperation, international exhibitions, special industries and equipment manufacturing.

Xinhua - China Daily