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The People's Bank of China announced on Sunday that in order to meet the temporary liquidity needs of financial institutions, the standing loan facility (SLF) operation for financial institutions totaled 14.05 billion yuan in April, including 3.5 billion yuan for seven days and 13.7 billion yuan for one month.

The central bank said that the standing loan lending interest rate played the role of the interest rate corridor ceiling, which is conducive to maintaining the smooth operation of the money market interest rate; the balance of standing borrowing facilities at the end of the period was 14.05 billion yuan.

The central bank also announced that in April, the medium-term lending facility (MLF) operation for financial institutions totaled 200 billion yuan, with a term of one year and an interest rate of 3.30%. The interim loan convenience balance was RMB 3.56 billion. In addition, in the month, the State Development Bank, the Export-Import Bank, and the Agricultural Development Bank issued mortgage-backed loans. The balance of mortgage-backed loans at the end of the period was 3.541 trillion yuan.

On April 24, the People's Bank of China conducted the second TMLF (Directed Medium-Term Loan Facilitation) operation for the year, amounting to RMB 267.4 billion. The term was one year and the interest rate was flat at 3.15%. Sun Guofeng, director of the central bank's monetary policy department, said that TMLF is basically operating in the fourth week of the first month of the season, in fact, it is regular.

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