SHANGHAI -- The People's Bank of China said Monday it will start borrowing Chinese government bonds soon, a move seen as a step toward selling them to stabilize an overheating market.
"In order to maintain the sound operation of the bond market, the People's Bank of China (PBOC) decided to borrow China government bonds from primary dealers of open market operations in the coming period, based on prudent observation and assessment of the current market situation," the central bank said.
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