$iShares MSCI China ETF (MCHI.US)$ Major news! The People's ...

Just now, the People's Bank of China announced that the People's Bank of China and the Ministry of Finance jointly held their first official meeting of the working group.

To implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Party and to implement the requirement of the Central Financial Work Conference to 'enrich the monetary policy toolkit, gradually increase the trading of national bonds in open market operations by the central bank', the People's Bank of China and the Ministry of Finance have established a joint working group. The working group recently held its first official meeting. People's Bank of China Party Committee member and Deputy Governor Xuan Changneng, as well as Ministry of Finance Party Committee member and Vice Minister Liao Min, attended the meeting and delivered speeches. The meeting fully affirmed the close cooperation between the two sides in the trading of central bank bonds in the previous period, established the operation mechanism of the working group, and exchanged views on issues such as the operation of the bond market. Both sides unanimously believe that the trading of central bank bonds is an important means to enrich the monetary policy toolkit and strengthen liquidity management. Next, it is necessary to coordinate development and security, continue to strengthen policy coordination, continuously optimize relevant institutional arrangements, maintain the stable development of the bond market in a standardized manner, and provide a suitable market environment for the operation of trading central bank bonds. Relevant leaders from the People's Bank of China and the Ministry of Finance participated in the meeting.