Announcement on Government Bond Transactions No.5 [2024]

(Open Market Operations Office, December 31, 2024)

In order to enhance the counter-cyclical adjustment of monetary policy and to maintain adequate liquidity in the banking system, the People's Bank of China (PBOC) conducted government bond purchasing and selling on the open market in December 2024. The face value of net bond purchase registered RMB300 billion over the month.