The People's Bank of China conducted a 600 billion yuan medium-term lending facility or MLF operations on Monday to keep an ample liquidity in the banking system, according to a same-dated report from Yicai Global.
The latest MLF operation, which offsets the 500 billion yuan worth of maturing funds, marked a reversal from the prior month's reduction of MLF, the report said.
In April, the Chinese central bank recorded a net withdrawal of 200 billion yuan as it reduced the MLF issuance, according to a media outlet.
