Support from the People's Bank of China to financial institutions

The People's Bank of China has provided 779 billion yuan to financial institutions through the medium-term credit facility The People's Bank of China has provided 779 billion yuan to the banking system today through the medium-term credit facility. The interest rate on the loan provided with a maturity of 1 year was maintained at 2.75 percent. When it is calculated that the return of the 700 billion yuan medium-term loan will be realized this month, the net liquidity provided by the People's Bank of China to the banking system has become 79 billion yuan. The People's Bank of China also organized 7 and 14-day reverse repo operations today. The People's Bank of China, which provided 82 billion yuan by maintaining the 2.00 percent interest rate in the 7-day reverse repo, also provided 74 billion yuan through the 14-day reverse repo. The interest rate was maintained at 2.15 percent.