(Yicai Global) Nov. 16 -- The People's Bank of China poured CNY600 billion (USD90.8 billion) into the financial system today, continuing to conduct increasingly big medium-term lending facility loans for four straight months.

The central bank carried out one-year MLFs to the tune of CNY800 billion with an interest rate of 2.95 percent, against CNY200 billion worth of previous ones that matured today. The operation should cover another CNY400 billion batch of MLFs which expired on Nov. 5, the bank said in a statement.

The People's Bank of China devised the MLF operation in 2014 to provide liquidity support to qualified commercial banks. It usually carries out such operations once or twice per month.

Editor: Emmi Laine