China to conduct 500-bln-yuan MLF operation on Wednesday

中国将在周三进行5000亿元MLF操作

BEIJING, March 24 (Xinhua) -- The People's Bank of China on Tuesday announced that it will carry out a 500-billion-yuan (about 72.52 billion U.S. dollars) one-year medium-term lending facility (MLF) operation on Wednesday, aiming to maintain adequate liquidity in the country's banking system.

新华社3月24日电 中国人民银行周二宣布，周三将开展5000亿元人民币（约合725.2亿美元）一年期中期借贷便利（MLF）操作，以维护银行体系流动性合理充裕。

The central bank said this MLF will be conducted through variable-rate tenders with a fixed quantity, using a multiple-price auction.

央行表示，本次MLF将通过固定的浮动利率招标，采用多价拍卖。

With a 450-billion-yuan MLF maturing this month, the move will result in a net injection of 50 billion yuan, marking the 13th consecutive month of net injection.

本月有4500亿元中期借贷便利(MLF)到期，此次操作将实现净投放 500 亿元，为连续第 13 个月实施净投放。

The MLF was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank by using securities as collateral.

MLF于2014年推出，允许商业银行和政策性银行使用证券作为抵押品向央行借款来帮助它们保持流动性。