The central bank announced a tender notice for the medium-term lending facility (MLF) in July 2025. On July 25th, it will conduct MLF operations worth 400 billion yuan through fixed-quantity, interest-rate tenders, with multiple-price winning bids, for a one-year term. This month, 300 billion yuan of MLF is due to mature, which means the central bank's net MLF injection in July reached 100 billion yuan, marking the fifth consecutive month of increased MLF operations.