BEIJING, Jan. 22 (Xinhua) -- The People's Bank of China announced on Thursday that it will conduct a 900-billion-yuan (about 128.54 billion U.S. dollars), one-year medium-term lending facility (MLF) operation on Friday, aiming to maintain ample liquidity in the country's banking system.

This photo taken on Oct. 19, 2023 shows the People's Bank of China in Beijing, capital of China. (File photo: Xinhua)

The central bank said the MLF operation will be carried out via a fixed-quantity, interest-rate-bidding and multiple-price-bidding method.

The MLF was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.