According to CoinMeta, the People's Bank of China announced that in order to maintain sufficient liquidity in the banking system, it will conduct a 300 billion yuan buyback reverse repurchase operation on November 5, 2026, using a fixed quantity, bidding based on interest rates, and multiple pricing levels. The operation will have a duration of 3 months (91 days), with the maturity date set for February 4, 2027 (which may be postponed in case of holidays).