China conducts 300-billion-yuan MLF operation to sustain banking liquidity

BEIJING - China's central bank on Tuesday conducted a 300-billion-yuan ($41.83 billion) medium-term lending facility (MLF) operation to maintain ample liquidity in the country's banking system.

The MLF operation features a one-year maturity period and an interest rate of 2 percent, unchanged from the rate of the previous operation conducted last month, according to a statement on the website of the People's Bank of China.

After the latest operation, the outstanding MLF balance stood at 4.09 trillion yuan.