[PBOC: The People's Bank of China conducted 384 billion yuan of overnight reverse repurchase operations via fixed-rate, quantity-based bidding] On November 12, 2026, the People's Bank of China conducted 384 billion yuan of overnight reverse repurchase operations via fixed-rate, quantity-based bidding, fully meeting the needs of primary dealers. The operation rate was 1.25%, and both the bid and winning bid amounts were 384 billion yuan.