Hezbollah holds memorial rally for late Iranian president

Lebanese political party Hezbollah held a rally in Beirut on Friday in memory of the late Iranian President Ebrahim Raisi and others who died in a helicopter crash in Iran last weekend.

The crowd watched a televised speech by Hezbollah Secretary General Hassan Nasrallah on the contributions of Raisi and his foreign minister, who was also killed, to Iran and the region, and Iran's role in supporting resistance movements.

In his speech, Nasrallah said that the late Iranian president was "courageous in the face of enemies" and highlighted the importance of Lebanon's relations with Iran.

Those attending the ceremony expressed their condolences to Iran and the Iranian people, and their confidence in Iran's ability to overcome this ordeal.

"It is a great loss that President Raisi, Minister Abdollahian and those who were with them were martyred, but we are confident that the Islamic Republic of Iran will be victorious because despite their tragedy, they are still raising Palestinian flags and talking about Palestine," said one rally participant.

"We came to console ourselves for the loss of Raisi and his companions, and also to say that the death of President Raisi will not deter the Islamic Republic of Iran from what it has been doing, whether in support of the Palestinian cause or the rightful causes of the region," said another participant.

Raisi, along with Amir-Abdollahian and several other officials, was killed when his helicopter went down in a fog-shrouded mountainside in Iran's northwest near the Azerbaijan border on May 19.

Hezbollah holds memorial rally for late Iranian president

The People's Bank of China injected liquidity into the banking system through reverse repos and medium-term lending facility (MLF) on Monday.

The central bank conducted 4 billion yuan (about 562.2 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent.

A total of 182 billion yuan was also injected into the market via the MLF, which will mature in one year at an interest rate of 2.5 percent.

The move is aimed at keeping liquidity reasonable and ample in the banking system to fully satisfy the needs of financial institutions, the central bank 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.

The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

Chinese central bank adds liquidity via reverse repos, MLF