两部门：进一步加强国库现金管理商业银行定期存款质押品管理

Core Points - The Ministry of Finance and the People's Bank of China issued a notification to strengthen the management of collateral for commercial bank deposits in treasury cash management [1][2] - The notification specifies the types of collateral that can be used, including government bonds, local government bonds, and policy financial bonds, with certain restrictions on partially repaid bonds [1] - The valuation and ratio for collateral are set at 105% for government bonds, 110% for local government bonds, and 110% for policy financial bonds, based on the amount of treasury deposits [1] Summary by Sections - Notification Implementation: The notification takes effect immediately and replaces the previous regulation from 2015. Existing pledges made under the old rules will not be adjusted [2] - Collateral Management: The notification aims to enhance risk control mechanisms and ensure the safety of treasury cash management funds by defining acceptable collateral types and their valuation [1][2] - Future Adjustments: The Ministry of Finance and the People's Bank of China will adjust the collateral types and ratios as needed based on changes in the bond market to ensure the safety of deposit funds [2]