Core Points - The Ministry of Finance has announced the implementation of the 11th and 12th phases of central treasury cash management time deposits for 2025 [1] Group 1: Deposit Details - The 11th phase deposit has a term of 1 month with a planned deposit amount of 120 billion yuan, starting from November 24, 2025, and maturing on December 22, 2025 [1] - The 12th phase deposit has a term of 21 days with a planned deposit amount of 80 billion yuan, starting from November 24, 2025, and maturing on December 15, 2025 [1] Group 2: Auction Process - The auction for the 11th phase deposit is scheduled from 9:00 AM to 9:30 AM on November 24, while the auction for the 12th phase deposit 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]

Core Points - The Ministry of Finance has decided to implement the 10th phase of central treasury cash management time deposits for 2025, with a planned deposit amount of 120 billion yuan [1] - The deposit period is set for one month, starting from October 23, 2025, to November 20, 2025 [1] - The bidding for this deposit will take place on October 23, from 9:00 AM to 9:30 AM, through the central treasury cash management commercial bank time deposit bidding system [1]