Ministry of Finance: Carry out market-making support operations for national bonds in May 2025.

On May 19, the Ministry of Finance issued a notice stating that in order to support the market-making of national bonds, improve the liquidity of the secondary market of national bonds, and strengthen the national bond yield curve reflecting market supply and demand, the Ministry of Finance has decided to carry out national bond market-making support operations. This operation includes two phases of market-making operations for the 2025 book-entry interest-bearing (five-year) national bonds, with an operation amount of 260 million yuan and a term of 3 years; and the 2025 book-entry interest-bearing (six-year) national bonds, with an operation amount of 280 million yuan and a term of 2 years. Information regarding the market-making support operations for the May 2025 national bonds: To the participating institutions for national bond market-making support, namely the China Foreign Exchange Trading Center and the National Interbank Borrowing Center, and the China Central Depository & Clearing Co., Ltd.: In order to support the market-making of national bonds, improve the liquidity of the secondary market of national bonds, and strengthen the national bond yield curve reflecting market supply and demand, the Ministry of Finance has decided to carry out the national bond market-making support operations (referred to as this operation). The relevant matters are notified as follows: 1. Main arrangement of the operation 2. Bidding restrictions 3. Listing arrangements for sale notes and payment of operational funds Starting from May 23, 2025, it will be listed for trading together with the corresponding national bonds. The winning participating institutions shall deposit the operation funds for market-making into the designated fund account of the Ministry of Finance no later than May 21, 2025, and the payment date shall be based on the date when the designated account of the Ministry of Finance receives the funds. Payee's name: Ministry of Finance of the People's Republic of China Bank: National Treasury General Treasury Remittance bank code: 011100099992 Account for payment of 2025 book-entry interest-bearing (six-year) national bonds: 270-25106-10 Account for payment of 2025 book-entry interest-bearing (five-year) national bonds: 270-25105-11 4. Other matters In addition to complying with the above provisions, other matters of this operation shall be carried out in accordance with the "Notice of the Ministry of Finance and the People's Bank of China on Issuing the " (CaiKu [2016] No. 154) and other relevant regulations. This article is selected from the official website of the Ministry of Finance, edited by GMTEight: Jiang Yuanhua.