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 10) on October 23, 2025 [1] - The operation amount for this phase is set at 120 billion yuan, with a term of one month (28 days) [1] - The interest period will start on October 23, 2025, and the maturity date is November 20, 2025, with adjustments for holidays [1] - The bidding will be open to banks participating in the Central Treasury Cash Management Commercial Bank Time Deposit business [1]