The purpose of issuing bonds by the central bank is to reduce the loanable funds of commercial banks. In order to adjust the base currency, the function is to adjust the excess reserve of commercial banks. The role of commercial banks in issuing bonds is to raise funds and increase the loanable funds of banks.

Small-scale bonds should be avoided, and bonds with a scale above 1 100 million yuan should be selected as far as possible. Small-scale bond funds are the easiest funds to realize.