In 2025, the book-entry discount government bonds completed the bidding with an actual issue amount of 30 billion RMB.

The auction-style discount Treasury bonds of 2025 have completed the bidding process. The planned issuance amount for this bond is 30 billion yuan, with an actual issuance face value of 30 billion yuan. The term of the bond is 91 days, and the issuance price determined through bidding is 99.694 yuan, equivalent to an annual yield of 1.23%. Interest will begin accruing on August 14, 2025, and distribution will take place from the end of bidding until August 14. Trading will start on August 18. The bond is issued at a discount below face value, and will be redeemed at face value on November 13, 2025.