THE People's Bank of China (PBOC), the central bank, announced on Monday that in order to maintain the stable operation of the bond market, based on careful observation and evaluation of the current market situation, it has decided to conduct treasury bond borrowing operations for primary dealers in open market operations in the near future.
This signifies that the PBOC's deliberations over the past half-year regarding buying and selling government bonds are entering the operational phase, according to media reports.
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