The People's Bank of China injected 789 billion yuan (about 109.89 billion U.S. dollars) into the market through one-year MLF with an interest rate of 2.5 percent.
The MLF tool helps commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.
The central bank also conducted seven-day reverse repos worth 106 billion yuan at an interest rate of 1.8 percent.
A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
The move is aimed at keeping liquidity reasonable and ample in the banking system to fully satisfy the needs of financial institutions, according to the central bank.
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