On May 7, the People's Bank of China released liquidity injection data through various central bank instruments for April 2026. According to the figures, the Medium-term Lending Facility (MLF) recorded a net withdrawal of 200 billion yuan in April, while the Standing Lending Facility (SLF) showed a net withdrawal of 700 million yuan. Other structural monetary policy tools, however, contributed a net injection of 366.7 billion yuan. In terms of open market operations, net bond trading in government bonds resulted in an injection of 40 billion yuan, while the 7-day reverse repurchase operations saw a net withdrawal of 331.6 billion yuan.