According to Jin10, China's central bank said its August 2026 liquidity operations included a net withdrawal of 100 billion yuan through the medium-term lending facility (MLF), a net withdrawal of 52.1 billion yuan through the pledged supplementary lending (PSL) facility, and a net injection of 65 billion yuan through other structural monetary policy tools. In open-market operations, overnight and seven-day reverse repos saw a net withdrawal of 641.5 billion yuan, open-market government bond trades posted a net injection of 50 billion yuan, and central treasury cash management recorded a net injection of 70 billion yuan.