The People's Bank of China will conduct a 700 billion yuan MLF operation through a fixed quantity, interest rate bidding, and multiple price bidding method, with a term of 1 year The People's Bank of China: In order to maintain sufficient liquidity in the banking system, on October 26, 2026, the People's Bank of China will carry out a 700 billion yuan MLF operation through fixed quantity, interest rate bidding, and multi price bidding, with a term of one year.