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(Yicai Global) Nov. 15 -- The People's Bank of China has net injected CNY200 billion (USD28.5 billion) via its medium-term lending facility into China's financial system today.
The liquidity in China's banking system is now "reasonably ample," the PBOC said in a statement on its website. The rate of the one-year MLFs is unchanged at 3.25 percent. The previous MLF operation was on Nov. 5.
The central bank has not conducted reverse repos, its usual form of open market operations, for 15 days.
The PBOC also reminded the market that it conducted its second targeted reserve requirement ratio cut for qualified commercial banks today as announced early September, which should bring forth CNY40 billion in fresh liquidity.
The central bank created MLF operations in 2014 in order to provide liquidity support to qualified commercial banks whose business focus is on economic activities in small cities and the countryside.
Editor: Emmi Laine