In order to maintain sufficient liquidity in the banking system, on August 25, the People's Bank of China will launch a 500 billion yuan medium-term loan facility, or MLF operation, using fixed amounts, interest rate tenders, and multiple price bid wins, for a period of 1 year. Medium-term lending facilitation is a monetary policy tool for the central bank to provide a medium term base currency, and can be carried out through tenders.

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