pboc decision, 2005-03-25
Shaping a complete and reasonable yield curve requires that on the one hand, maturity structure of treasury bonds should be optimized, and balance management and rolling issuance of treasury bonds be gradually adopted; on the other hand, efforts should be taken to diversify financial products, encourage the development of direct financing, especially financing through the securities investment fund and corporate bond market, and allow commercial banks to issue long-term debt instruments and launch securities investment fund, so that the width and depth of the financial market can be improved.
Sentiment: neutral
Topic: mp_interest_rate