Reported 2 months ago
The People's Bank of China (PBOC) announced plans to enhance its monetary policy toolbox by gradually increasing the buying and selling of treasury bonds during open market operations. The central bank aims to lower financing costs for companies and households, while maintaining sufficient liquidity in the banking system. With economic growth falling short of expectations, the PBOC is also attentive to changes in long-term bond yields and will conduct stress tests on financial institutions' bond assets to mitigate interest rate risks.
Source: YAHOO