China will continue to pursue a【26】monetary policy, and seek refinements in the conduct of monetary policy by relying on【27】policy instruments. First, open market operation will be expanded, and the quality of the relevant decision - making will be improved to【28】the timing and scale of open market transactions. Transaction frequency will be【29】and fine -tuning measures will be taken as the occasion warrants. Flexibility will be exercised in selecting modes of transaction so give further play to the open market in guiding【30】interest rates. (16)