Briefly

PBOC conducts reverse repos

China's central bank conducted 1.17 billion yuan ($163.92 million) of seven-day reverse repos at an interest rate of 1.7 percent on Friday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said.

Creating livelihoods via redevelopment

China Railway Construction Investment Group Corp Ltd, a State infrastructure investment company, and China Railway 24th Bureau Group Corp, a China Railway Construction Corp unit, have together completed capping a redevelopment project in Ganzhou, Jiangxi province. Shanty town redevelopment is being undertaken as a nationwide cooperative project. CRCIG is helping build the Guangdong-Hong Kong-Macao Greater Bay Area. For its part, CR24G is undertaking old town redevelopment projects nationwide. The Ganzhou initiative is a key livelihood project of the local government. More such cooperation will be seen in the future amid the nation's efforts to boost high-quality development, CR24G said.

Xinhua - China Daily