The People's Bank of China announced on Thursday it will carry out a 500-billion-yuan one-year medium-term lending facility operation on Friday to maintain ample liquidity in the banking system.
The operation will be conducted through variable-rate tenders with a fixed quantity, using a multiple-price auction.
With a 400-billion-yuan MLF maturing this month, the move will see a net injection of 100 billion yuan, according to the central bank.
The measure aims to maintain ample liquidity in the country's banking system.
