BEIJING - China's central bank on Wednesday conducted a 300-billion-yuan (about $41.86 billion) medium-term lending facility (MLF) operation as it seeks to maintain ample liquidity in the banking system.

The one-year operation was carried out via fixed quantity and interest rate bidding, according to the People's Bank of China (PBOC).

READ MORE: China conducts 450-billion-yuan MLF operation to inject liquidity

With 182 billion yuan of MLF funds maturing this month, the net injection via MLF alone stood at 118 billion yuan in June.

Earlier this month, the PBOC also conducted two outright reverse repo operations, injecting a combined net 200 billion yuan. This brings the total net medium-term liquidity injection for June to 318 billion yuan.

READ MORE: China conducts 300b yuan MLF operation to sustain banking liquidity

Analysts have noted that with government bond issuance accelerating, sustained liquidity support plays a key role in easing funding volatility and anchoring market expectations.