China central bank buys 750b yuan special sovereign bonds in open market operations on Dec 12.

The Ministry of Finance decided to issue special national debt to raise financial funds and support the development of the national economy and social undertakings.

The special national debt of 750 billion yuan issued this time is a renewal of the special national debt issued in 2007, which expires on December 11.

Market analysts believe that with the full purchase of the central bank, the special national debt with a renewal size of 750 billion yuan has been issued steadily, which does not hinder the stability of market liquidity, nor does it mean "monetization of fiscal deficits".

Market analysts believe that this operation of the Central Bank will not cause great disturbance to market liquidity.

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