The People’s Bank of China will conduct a 500 billion yuan ($74.6 billion) outright reverse repo operation on September 7, 2026, with an 89-day tenor maturing on December 5, subject to holiday adjustment. The equal-volume rollover matches same-tenor maturities during September and follows three days without 7-day reverse repos, which drained 721.5 billion yuan in short-term liquidity. The operation is intended to maintain ample banking-system liquidity while guiding market rates near the policy rate.