PBOC to Conduct RMB 500 Billion 3-Month Outright Reverse Repo on August 5, 2026

To maintain ample liquidity in the banking system, the People's Bank of China will conduct a RMB 500 billion outright reverse repo operation on August 5, 2026. The operation will be conducted using fixed-quantity, interest-rate bidding with multiple-price allocation, with a term of three months (92 days). The maturity date is November 5, 2026, which will be postponed if it falls on a holiday.