The central bank launched a 600 billion yuan medium-term lending facility operation today.

In order to maintain the liquidity of the banking system, today, the People's Bank of China conducted a 600 billion yuan Medium-term Lending Facility (MLF) operation through fixed quantity, interest rate bidding, and multi-price bidding methods, with a term of one year. Due to 300 billion yuan of MLFs maturing this month, this means that the net injection of MLF in the month is 300 billion yuan, marking the 12th consecutive month of increased injection. Experts analyze that the net injection of medium-term liquidity indicates a continuation of a supportive monetary policy stance, which will help support banks in increasing credit extension, support government bond issuance, and stabilize market expectations.