Briefly

Yuan strengthens against greenback

The central parity rate of the yuan strengthened 41 pips to 6.8047 against the US dollar on Friday, 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. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers.

PBOC injects liquidity to spur growth

The People's Bank of China, the country's central bank, said on Friday that it had injected a net 10 billion yuan ($1.47 billion) of liquidity through open-market government bond purchases and sales in June. According to the central bank's data, cumulative net injections via this channel during the first half of 2026 amounted to 300 billion yuan.

XINHUA — CHINA DAILY