A scarcity of low-risk assets in China's financial industry is impeding the central bank's plans to expand its monetary policy arsenal by returning to the government bond market after a 17-year absence. Following a mandate from President Xi Jinping's speech in October 2023, the People's Bank of China (PBOC) has committed to restoring treasury bond trading to fix its increasingly weak monetary policy transmission mechanisms.

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Ting Lu , Hunan , China , United States , Chinese , , People Bank , China Investment Corp , Rhodium Group , President Xi Jinping , China Investment , Standard Chartered , Greater China , North Asia ,