The Economic Daily article states that on July 1st, the official website of the People’s Bank of China announced that in order to maintain the stable operation of the bond market, based on careful observation and evaluation of current market trends, the People's Bank of China has recently conducted government bond borrowing operations for some primary dealers in the open market business. Many industry insiders said that this means that the central bank will borrow the government bonds and then conduct government bond sales operations in the open market. 'The central bank’s actions will affect the supply and demand relationship of the bond secondary market, which may affect the trend of interest rates and avoid excessive deviation of medium and long-term national bond interest rates from reasonable levels. At the same time, through this move, the central bank reminds financial institutions and individual investors to pay attention to the mismatch of investment maturity and interest rate risks that may arise when investing in medium and long-term bonds,' said Dong Ximiao, chief researcher at Zhongtai Securities.