The central bank's net issuance of treasury bonds in the open market in July was 50 billion yuan.

On August 4, the central bank announced the liquidity situation regarding various instruments for July 2026. In terms of central bank loans, there was a net absorption of 1 billion yuan through the Standing Lending Facility, a net injection of 100 billion yuan via the Medium-term Lending Facility, and a net absorption of 116.1 billion yuan through the Pledged Supplementary Lending. In the open market operations, there was a net injection of 249.5 billion yuan through 7-day reverse repos, a net injection of 50 billion yuan from the trading of government bonds, and a net injection of 30 billion yuan from central treasury cash management. This article is excerpted from the official website of the People's Bank of China, edited by Feng Qiuyi.