The central bank resumed the buying and selling of government bonds in the open market in October, with a net injection of 20 billion yuan.

The trading of government bonds in the open market, which has been suspended since the beginning of the year, has resumed in October. On November 4th, the People's Bank of China announced that in October, they resumed the trading of government bonds in the open market, with a net injection of 20 billion yuan that month. In addition, in October, the People's Bank of China conducted a net withdrawal of 595.3 billion yuan through short-term reverse repurchase agreements, a net injection of 400 billion yuan through buy-back reverse repurchase agreements, and a net injection of 200 billion yuan through medium-term lending facilities. Wang Qing, chief macro analyst at Orient Securities, stated that the current resumption of government bond trading increases support for the long-term liquidity of the banking system and further signals stability in growth, which will help stabilize the macroeconomic operation in the fourth quarter of this year and the first quarter of next year.