Briefly

Central bank conducts reverse repos

China's central bank conducted 150 billion yuan ($21.2 billion) of seven-day reverse repos at an interest rate of 1.5 percent on Thursday. The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said.

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 174 pips to 7.0742 against the US dollar on Thursday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

Xinhua - China Daily