Core Points - The Ministry of Finance and the People's Bank of China will conduct a bidding for the 2025 Central Treasury Cash Management Commercial Bank Time Deposit (Phase 8) on August 18, 2025 [1] - The operation volume for this bidding is set at 120 billion yuan, with a maturity period of one month (28 days) [1] - The interest rate bidding will be open to banks participating in the Central Treasury Cash Management Time Deposit business [1]