The People's Bank of China (PBOC) announced that to maintain ample liquidity in the banking system, it will conduct a RMB 300 billion outright reverse repurchase operation on November 5, 2026, using a fixed-quantity, interest rate bidding method with multiple price levels. The operation will have a term of 3 months (91 days) and a maturity date of February 4, 2027 (postponed if it falls on a holiday).