The People's Bank of China (PBOC) will conduct a 1.2 trillion yuan outright reverse repo operation on Oct. 8, 2026, using its newer tool for managing medium-term market liquidity. The 89-day operation will use fixed-quantity allocation, rate-based bidding and a multiple-price winning format, with maturity set for Jan. 5, 2027. The scheduled injection is intended to keep banking-system liquidity reasonable and ample ahead of the fourth quarter.