Free Trial

MNI BRIEF: PBOC Bought Net CNY100 Billion CGBs In August

MNI (BEIJING) - The People’s Bank of China announced Friday it had bought a net of CNY100 billion of treasuries in August, indicating it has started using China Government Bonds (CGBs) as a regular monetary policy tool. 

According to a statement on the PBOCs’ website, it conducted open market operations involving the buying and selling of government bonds in August, purchasing short-term CGB and selling long-term ones to certain primary dealers in the open market. The Bank did not publish the detailed volume of selling and buying respectively.

Keep reading...Show less
145 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (BEIJING) - The People’s Bank of China announced Friday it had bought a net of CNY100 billion of treasuries in August, indicating it has started using China Government Bonds (CGBs) as a regular monetary policy tool. 

According to a statement on the PBOCs’ website, it conducted open market operations involving the buying and selling of government bonds in August, purchasing short-term CGB and selling long-term ones to certain primary dealers in the open market. The Bank did not publish the detailed volume of selling and buying respectively.

Keep reading...Show less