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China lends 14.05 bln yuan via standing lending facility in April

BEIJING, May 5 (Reuters) - China's central bank extended 14.05 billion yuan ($2.09 billion) of loans to local financial institutions in April via its standing lending facility (SLF), it said on Sunday.

The total outstanding amount of SLF loans was at 14.05 billion yuan at the end of April, the central bank said.

The People's Bank of China uses the SLF and the medium-term lending facility as tools for managing short- and medium-term liquidity in the countrys banking system.

($1 = 6.7337 Chinese yuan) (Reporting by Ryan Woo; Editing by Richard Borsuk)