According to Jin10, China's central bank released its liquidity operations for July 2026, including a 1 billion yuan net drain from the Standing Lending Facility (SLF), a 100 billion yuan net injection from the Medium-term Lending Facility (MLF), a 116.1 billion yuan net drain from the pledged supplementary lending facility (PSL), a 249.5 billion yuan net injection from seven-day reverse repos, a 50 billion yuan net injection from open-market government bond trading, and a 30 billion yuan net injection from central treasury cash management.