





A series of tweets have revealed that Chinese President Xi Jinping, in a speech made back in October and only recently published, has suggested that the People's Bank of China (PBOC) may begin trading government bonds to regulate market liquidity. This move is seen as a potential expansion of the PBOC's toolkit, aligning its operations more closely with those of central banks in developed markets. The speech indicates a shift towards more active trading of bonds for liquidity purposes, hinting at a broader strategy to manage economic conditions. Additionally, the PBOC has committed to stepping up the implementation strength of its introduced monetary policies, focusing on expanding demand and boosting confidence in the economy. This comes amid concerns of subdued demand and downbeat sentiment affecting the Chinese economy, with a note on China stockpiling gold.
China’s central bank has pledged to enhance implementation of monetary policies to stimulate domestic demand and revitalize the economy while acknowledging the economy is suffering from subdued demand and downbeat sentiment https://t.co/BgcdLKstfY
China's central bank says it will make efforts to expand demand, boost confidence https://t.co/je4mXYh852 https://t.co/CYyfaf6WdT
🇨🇳 The central bank will "step up the implementation strength of introduced monetary policy" and keep liquidity reasonably ample. The PBOC will improve a "mild rise" in prices and maintain the prices at a reasonable level, according to the statement, as the economy faces… https://t.co/zqADv0oVR9