The People’s Bank of China (PBOC) has injected 600 billion yuan (~$84.4 billion) through a one-year medium-term lending facility (MLF) to maintain ample liquidity, matching last month’s net injection.
The MLF, introduced in 2014, allows banks to borrow against securities.
PBOC launched 14-day reverse repo operations via interest-rate bidding to address varied funding needs more effectively.