[The People's Bank of China (PBOC) will conduct a 500 billion yuan medium-term lending facility (MLF) operation] The PBOC announced on the 22nd that, in order to maintain ample liquidity in the banking system, it would conduct a 500 billion yuan MLF operation on May 23rd, with a term of one year. This MLF operation continues to adopt the method of fixed volume, interest rate tender, and multiple price winning bids. Given that 125 billion yuan of MLF matured that month, this means that the net MLF injection reached 375 billion yuan, marking the third consecutive month of increased MLF operations.