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MNI China Daily Summary: Tuesday, August 2

MNI (Singapore)
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POLICY: The U.S. should take full responsibility for provocative actions that escalate tensions across the Taiwan Strait, Hua Chunying, spokeswoman of the Ministry of Foreign Affairs, said at a briefing on Tuesday against a backdrop of U.S. House Speaker Nancy Pelosi's planned visit to Taiwan.

LIQUIDITY: The People's Bank of China (PBOC) injected CNY2 billion via 7-day reverse repos with the rate unchanged at 2.10%. The operation has led to a net drain of CNY3 billion after offsetting the maturity of CNY5 billion repos today, according to Wind Information. The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.

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POLICY: The U.S. should take full responsibility for provocative actions that escalate tensions across the Taiwan Strait, Hua Chunying, spokeswoman of the Ministry of Foreign Affairs, said at a briefing on Tuesday against a backdrop of U.S. House Speaker Nancy Pelosi's planned visit to Taiwan.

LIQUIDITY: The People's Bank of China (PBOC) injected CNY2 billion via 7-day reverse repos with the rate unchanged at 2.10%. The operation has led to a net drain of CNY3 billion after offsetting the maturity of CNY5 billion repos today, according to Wind Information. The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.

Keep reading...Show less