China's reserve manager may be buying government debt
PBoC not buying government bonds, but reserve manager may have sharply increased holdings
The balance sheet of China’s central bank showed it did not buy government debt in July, after some market analysts speculated that it might have done.
But a sharp rise in holdings of Chinese sovereign debt by “other” institutions may point to purchases by the government’s reserve manager, one analyst tells Central Banking.
An article published by Bloomberg on August 12 reports that analysts from several firms have begun “to speculate the central bank might have bought some government debt in
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