The People's Bank of China (PBOC) conducted 463.3 billion yuan of 7-day reverse repos at a fixed rate of 1.40% on September 18, 2026, fully meeting primary dealers' demand, with bids and allotments both at 463.3 billion yuan. The central bank also carried out 100 billion yuan of 14-day reverse repos through a fixed-quantity, rate-based auction with multiple price allotments. With 4 billion yuan of 7-day reverse repos and 600 billion yuan of overnight reverse repos maturing the same day, the PBOC recorded a net drain of 40.7 billion yuan.