Group 1 - The People's Bank of China (PBOC) will conduct a medium-term lending facility (MLF) operation of 600 billion yuan with a one-year term to maintain liquidity in the banking system [1] - This operation is in response to 300 billion yuan of MLF maturing this month, resulting in a net injection of 300 billion yuan in August, marking the sixth consecutive month of increased MLF operations [1] - The MLF is a monetary policy tool used by the central bank to provide medium-term base currency, influencing the cost of financing for financial institutions and guiding them to offer low-cost funds to the real economy [1]

Group 1 - The People's Bank of China announced a 600 billion yuan Medium-term Lending Facility (MLF) operation to maintain ample liquidity in the banking system, with a one-year term [1] - This operation results in a net injection of 500 billion yuan, as 100 billion yuan of MLF is set to mature this month [1]