What is the relationship between the Central Bank's plan to cancel the freezing of bond repurchase stake securities and the buying and selling of government bonds?

Jin10 reported on July 21 that recently, the Central Bank publicly solicited opinions on canceling the regulations regarding the freezing of collateral for bond repurchase, which has sparked widespread attention in the market. Although there are views in the market linking this to the Central Bank’s resumption of government bond trading, industry insiders generally believe that the correlation between the two is limited, and it is more of a measure to optimize market mechanisms in the medium to long term and align with international standards. The core is to enhance bond liquidity, optimize the Central Bank’s monetary policy operation mechanism, and it is also a continuation of the Central Bank’s recent approach to nurturing liquidity.