央行明日开展6000亿元MLF操作，连续12个月加量续做

Core Viewpoint - The People's Bank of China (PBOC) is increasing the medium to long-term funding supply, continuing to implement the Medium-term Lending Facility (MLF) for 12 consecutive months [2] Group 1: MLF Operations - On February 25, the PBOC will conduct an MLF operation of 600 billion yuan with a one-year term to maintain ample liquidity in the banking system [2] - In February, the PBOC net injected 300 billion yuan through MLF, as 300 billion yuan of MLF is set to mature this month [2] - This marks the PBOC's 12th consecutive month of increasing MLF operations [2] Group 2: Reverse Repo Operations - In February, the PBOC also increased the supply of medium-term liquidity through reverse repos, with a total of 600 billion yuan injected via buyout reverse repos [2] - This is the 9th consecutive month that the PBOC has injected medium-term liquidity through buyout reverse repos, with the scale of injection expanded from 300 billion yuan last month [2]