BEIJING, March 25 (Xinhua) -- China's central bank conducted 50 billion yuan (about 7.04 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Monday.
The move aims to keep liquidity in the banking system reasonable and ample, 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.
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
China's Xizang to Raise Educational Subsidy Standard
Winter Tourism Gaining Popularity in Xinjiang's Tianshan Village
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
Factory Childcare Allows Mothers to Go to Work
Beginning of Spring Marked Across China
Zheng reaches Australian Open semifinals after fighting win
China to Further Enhance Medical Treatment for Critical Pregnant Women
The unstoppable duo of Emma Stone and Yorgos Lanthimos
Winter Tourism Gaining Popularity in Xinjiang's Tianshan Village