Pan Gongsheng: The central bank will resume open market operations of government bond trading.

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Pan Gongsheng, Governor of the People's Bank of China, said on the 27th that the central bank will resume open market trading of government bonds.

Pan Gongsheng stated that the People's Bank will further optimize the management system for digital RMB, study and optimize the positioning of digital RMB in the monetary hierarchy, and support more commercial banks in becoming digital RMB business operators. The People's Bank has established a Digital RMB International Operations Center in Shanghai, responsible for cross-border cooperation and use of digital RMB; and established a Digital RMB Operations Management Center in Beijing, responsible for the construction, operation, and maintenance of the digital RMB system, promoting the development of the digital RMB and supporting the construction of the capital's national financial management center.

More information to be updated...

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