BEIJING, Nov. 29 (Xinhua) -- China's central bank announced on Friday that it conducted open market government bond transactions in November, resulting in a net purchase of bonds with a face value of 200 billion yuan (about 27.8 billion U.S. dollars).
The move was aimed at intensifying counter-cyclical adjustment of its monetary policy and keeping liquidity in the banking system adequate at a reasonable level, according to the People's Bank of China.
Pan Gongsheng, the central bank governor, said earlier this month that China will intensify the counter-cyclical adjustment of its monetary policy and create a sound monetary and financial environment for stable economic growth and high-quality development.
The central bank also made net government bonds purchases in August, September, and October, with face values of 100 billion yuan, 200 billion yuan and 200 billion yuan, respectively.
Analysts interpret the net bond purchases by the central bank as a clear signal of its intensified monetary policy efforts to support stable economic growth and expand domestic demand. ■
