China’s finance ministry carries out treasury bond market-making support operation

BEIJING, Nov. 18 (Xinhua) — China’s Ministry of Finance said Monday that it would carry out a treasury bond market-making support operation.
The move aims to support treasury bond market-making, enhance liquidity in the secondary treasury bond market, and improve the treasury bond yield curve that reflects market supply and demand, said the ministry.
The ministry will sell a total of 1.11 billion yuan (about 152.98 million U.S. dollars) of treasury bonds in the secondary market.
Under the treasury bond market-making support mechanism established in 2016, the ministry can utilize operation tools such as buying and selling treasury bonds in the secondary market through a specific platform to support treasury bond market-making. ■