财政部发布《关于2026年中央国库现金管理定期存款第1期操作指令的函》，决定实施2026年中央国库 现金管理定期存款第1期操作。本期存款期限1个月，计划存款量1500亿元，存款起息日为2026年1月28 日，到期日为2026年2月25日。本期存款定于1月28日上午9点至9点30分，通过中央国库现金管理商业银 行定期存款业务招投标系统，面向中央国库现金管理商业银行定期存款业务参与银行，按照《中央国库 现金管理商业银行定期存款招投标规则》（财库〔2025〕25号）进行招投标。 ...

财政部发布《关于2026年中央国库现金管理定期存款第1期操作指令的函》。中国人民 银行货币政策 司、国库局：现决定实施2026年中央国库现金管理定期存款第1期操作。本期存款期限1个月，计划存款 量1500亿元，存款起息日为2026年1月28日，到期日为2026年2月25日。本期存款定于1月28日上午9点至 9点30分，通过中央国库现金管理商业银行定期存款业务招投标系统，面向中央国库现金管理商业银行 定期存款业务参与银行，按照《中央国库现金管理商业银行定期存款招投标规则》（财库〔2025〕25 号）进行招投标。 ...

Group 1 - The Ministry of Finance's Treasury Department has decided to implement the 13th and 14th phases of the central treasury cash management time deposits for 2025 [1] - The 13th phase has a term of 1 month with a planned deposit amount of 150 billion yuan, starting on December 26, 2025, and maturing on January 23, 2026 [1] - The 14th phase has a term of 14 days with a planned deposit amount of 60 billion yuan, also starting on December 26, 2025, and maturing on January 9, 2026 [1] Group 2 - The bidding for the 13th phase will take place from 9:00 AM to 9:30 AM on December 26, 2025, while the 14th phase bidding will occur from 9:50 AM to 10:20 AM on the same day [1] - The deposits will be conducted through the central treasury cash management commercial bank time deposit bidding system, targeting banks participating in the central treasury cash management [1] - The bidding will follow the rules outlined in the "Central Treasury Cash Management Commercial Bank Time Deposit Bidding Rules" (Cai Ku [2025] No. 25) [1]

Group 1 - The Ministry of Finance's Treasury Department has decided to implement the 13th and 14th phases of the 2025 Central Treasury Cash Management time deposit operations [1] - The 13th phase has a deposit term of 1 month with a planned deposit amount of 150 billion yuan, starting on December 26, 2025, and maturing on January 23, 2026 [1] - The 14th phase has a deposit term of 14 days with a planned deposit amount of 60 billion yuan, also starting on December 26, 2025, and maturing on January 9, 2026 [1] Group 2 - The bidding for the 13th phase will take place from 9:00 AM to 9:30 AM on December 26, 2025, while the bidding for the 14th phase will occur from 9:50 AM to 10:20 AM on the same day [1] - The operations will be conducted through the Central Treasury Cash Management commercial bank time deposit bidding system, targeting banks participating in the Central Treasury Cash Management time deposit business [1] - The bidding will follow the rules outlined in the "Central Treasury Cash Management Commercial Bank Time Deposit Bidding Rules" (Cai Ku [2025] No. 25) [1]

Core Viewpoint - The Ministry of Finance of China has announced the implementation of the 11th and 12th phases of central treasury cash management time deposits for 2025, with a total scale of 200 billion yuan [1] Group 1: Deposit Details - The 11th phase of deposits has a term of 1 month, with a planned deposit amount of 120 billion yuan, starting on November 24, 2025, and maturing on December 22, 2025 [1] - The 12th phase of deposits has a term of 21 days, with a planned deposit amount of 80 billion yuan, starting on November 24, 2025, and maturing on December 15, 2025 [1] Group 2: Auction Process - The auction for the 11th phase deposits is scheduled from 9:00 AM to 9:30 AM on November 24, while the auction for the 12th phase is set from 9:50 AM to 10:20 AM on the same day [1] - The auctions will be conducted through the central treasury cash management commercial bank time deposit bidding system, targeting banks participating in the central treasury cash management time deposit business [1]