The Ministry of Finance plans to issue 2025 book-entry interest-bearing government bonds.

This period's national bonds are 3-year fixed-rate interest-bearing bonds. The total face value of competitive bidding for this period's national bonds is 97 billion yuan, with additional bids from Class A members. The face value interest rate of this period's national bonds is determined through competitive bidding. This period's national bonds will begin accruing interest from November 25, 2025, with annual interest payments and an interest payment date of November 25 each year. The principal will be repaid and the final interest payment will be made on November 25, 2028. The bidding period is from 10:35 to 11:35 am on November 24, 2025.