Briefly

Central bank conducts reverse repos

China's central bank conducted 182.5 billion yuan ($25.45 billion) of 7-day reverse repos at an interest rate of 1.5 percent on Friday. The move aims to keep liquidity in the banking system at an adequate level, the central bank said. 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.

Framework released for sovereign green bonds

China's Ministry of Finance released a framework for sovereign green bonds on Thursday, paving the foundation for the country to issue offshore sovereign green bonds and global capital to invest in its green development. The funds raised by green bonds under the framework will be allocated to eligible green projects included in the central fiscal budget. The funds are expected to contribute to achieving environmental goals such as climate change mitigation and adaptation, natural resource protection, pollution control, and biodiversity preservation.

Xinhua - China Daily