The Ministry of Finance plans to issue 2026 book-entry interest-bearing national bonds for the first time.

The re-issuance of government bonds this time is a 30-year fixed-rate interest-bearing bond. The total face value of the competitive tender for the re-issuance of government bonds is 32 billion yuan, and additional bidding by Class A members is not conducted. The face interest rate of the re-issued government bonds is the same as that of the same period government bonds issued previously, which is 2.38%. The start date and redemption arrangements of the re-issued government bonds are the same as those of the same period government bonds issued previously. Interest will start to accrue from January 15, 2026, with semi-annual interest payments made on January 15th and July 15th each year, and the principal will be repaid on January 15, 2056, along with the final interest payment.