Article: PBOC USES SPECIAL TREASURY BONDS TO WITHDRAW CAPITAL FROM MARKET.

BEIIJNG, Sept 5 Asia Pulse - China's special treasury bonds were used for open market operation for the first time on September 4, when the People's Bank of China (PBoC), the country's central bank, repurchased 10 billion yuan (US$1.3 billion) of capital from primary dealers with 2007's first batch of special treasury bonds as pledge.

Observers say this marks the start of special treasury bonds to be used to offset excess liquidity ...

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