Not likely anything meaningful. They could have always used the treasuries as collateral if needed.
We have to stop thinking these central planners in China are Supermen, they are not. They have no experience in the long run with how marlets truly operate and central allocation of capital is just as stupid as central allocation of economic investment (ie-ghost cities).
Win some, lose most. That will be the experience.
I'm just wondering if they need liquidity. The 600 tons of gold sound more like collateral.
What's your opinion on the issuance of corporate debt for the purpose of retiring common stock while at the same time basing executive bonuses on EPS. Is that what you call a market?