On February 24th, the People's Bank of China announced that in order to maintain sufficient liquidity in the banking system, it will launch a 600 billion yuan Medium Term Lending Facility (MLF) operation on February 25th through a fixed quantity, interest rate bidding, and multi price bidding method, with a term of one year. Due to the expiration of 300 billion yuan of MLF in the current month, this means that the net investment volume of MLF has reached 300 billion yuan, which is the 12th consecutive month of volume increase and renewal. Wang Qing, Chief Macro Analyst of Dongfang Jincheng, believes that maintaining net liquidity injection in the medium term demonstrates the continued supportive stance of monetary policy, which will help support banks to increase credit injection, support government bond issuance, and stabilize market expectations. (New Society)