BEIJING, May 5 -- China's central bank continued to pump cash into the money market in April to meet the demand for liquidity from financial institutions.
A total of 200 billion yuan (29.72 billion U.S. dollars) was injected into the market via the medium-term lending facility (MLF) last month to maintain liquidity in the banking system at a reasonably sufficient level, according to the People's Bank of China (PBOC).
The funds will mature in one year at an interest rate of 3.3 percent.
Total outstanding MLF loans reached 3.56 trillion yuan as of the end of April.
The MLF tool was introduced in 2017 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.
In April, the PBOC did not inject funds through pledged supplementary lending (PSL) to the China Development Bank, the Export-Import Bank of China and the Agricultural Development Bank of China.
Total outstanding PSL loans in the first three months amounted to 3.54 trillion yuan.
Another 14.05 billion yuan was lent to financial institutions through the standing lending facility (SLF) to meet provisional liquidity demand.
The SLF funds involved a 350-million-yuan loan that will mature in seven days and a 13.7-billion-yuan loan that will mature in one month.
The central bank has adopted open market operations more frequently to manage liquidity in a more flexible and targeted manner.
China will keep its prudent monetary policy "neither too tight nor too loose" while maintaining market liquidity at a reasonably ample level in 2019, according to the annual Central Economic Work Conference held last month.
国内英语资讯:Chinese premier calls for all-round cooperation with Qatar
体坛英语资讯:Gerardo Martino named as Mexico head coach
吃早饭好,还是不吃早饭好
BBC推荐二月佳片:乐高小人、读心人、生化人同台PK
国内英语资讯:Economic Watch: Spring Festival shopping going rural amid anti-poverty push
国内英语资讯:Top political advisor extends Spring Festival greetings to religious personages, believers
体坛英语资讯:Mbappe regarded as worlds most valuable football player in CIES report
国内英语资讯:Chinese study on quantum communication wins Newcomb Cleveland Prize
体坛英语资讯:Belarus win XV Christmas international amateur ice hockey tournament
国内英语资讯:Chinese leaders extend Spring Festival greetings to former leaders
像当地人一样吃饭:盘点10个国家的餐厅礼仪
每天慢跑几公里有什么好处?
国际英语资讯:Houthi rebels shell govt-controlled sites in Yemens Hodeidah
国内英语资讯:Xis special envoy to attend 7th World Government Summit
国际英语资讯:Thailands top retailer to invest in ride-hailing app
情商高的人都有哪些特点?
体坛英语资讯:Solari in trouble as Real Madrid lose again
国内英语资讯:Xi extends festive greetings to all servicemen
国内英语资讯:Chinese embassy in Cuba celebrates Spring Festival
体坛英语资讯:China come back to beat Kyrgyzstan after Pavel Matiashs bizarre own goal
国际英语资讯:Dozens wounded in clashes with Israeli soldiers in West Bank, Gaza
国内英语资讯:Chinese premier congratulates on 65th anniversary of Icebreaking Mission in China-Britain tr
2019年12生肖运势预测:猪年会不会走好运呢?
体坛英语资讯:India record 4-1 victory over Thailand in AFC Asian Cup 2019
体坛英语资讯:Dani Alves aiming to play in 2022 World Cup at 39
体坛英语资讯:Arthur reveals admiration for Xavi, Messi
国内英语资讯:China appreciates European countries efforts to maintain Iran nuclear agreement
国内英语资讯:Chinas top legislator meets Qatari emir
中国骄傲! 李娜入选国际网球名人堂
国际英语资讯:New Zealands arms control law comes into effect