PBOC conducted CNY157.5 bln of 7-day reverse repos today, receiving CNY157.5 bln in bids and allotting CNY157.5 bln at a 1.40% rate. It also conducted CNY300.0 bln of overnight reverse repos.

On June 29 at Beijing's Diaoyutai State Guesthouse, President Xi met Belarusian President Lukashenko. Xi called for sustained strategic communication to advance bilateral ties to a higher level, pledged Chinese support for Belarus' sovereignty, independence and territorial integrity, and said China would continue to provide assistance within its means and support Belarus' pursuit of a development path suited to its national conditions. He urged mobilizing resources to push Belt and Road cooperation and deepen pragmatic cooperation, and said China and Belarus would coordinate in multilateral forums including the UN and the Shanghai Cooperation Organization, pursue four global initiatives and act as a stabilizing force amid global turbulence.

cenc recorded a magnitude-3.1 earthquake at 10:20 on June 29 in Haixi Prefecture, Qinghai, China (37.81N, 95.55E); focal depth 10 km.