The People’s Bank of China (PBOC) may have bought government bonds from domestic banks in July, a move that has analysts puzzling over the monetary authority’s policy intentions amid a record amount of government debt issuance.
The value of China's government bonds held by “other institutions”, typically little changed from month to month, jumped 196.49 billion yuan to 1.79 trillion yuan in July, according to data from China Central Depository and Clearing . . .
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