Wang Guogang, member of the Chinese Academy of Social Sciences: Should Increase the Intensity of Government Bond Trading Operations and Deepen the Coordination of Fiscal and Monetary Policies.

Professor Wang Guogang from the School of Finance and Finance of Renmin University of China, also a member of the Chinese Academy of Social Sciences, stated on September 13 at the 9th Financial Development Forum that government bonds are the main lever for coordinating monetary policy and fiscal policy. In the context of a more active fiscal policy, increasing the issuance of government bonds is imperative. Therefore, it is necessary to implement a monetary policy that is coordinated with fiscal policy, and the central bank should increase the intensity of buying and selling government bonds in the open market, providing a positive direction for commercial banks and other financial institutions and financial markets.