Group 1 - The Ministry of Finance plans to issue a new batch of 2025 fixed-rate bonds, specifically the 18th issue of book-entry interest-bearing government bonds [1] - The total amount for competitive bidding of the bonds is set at 118 billion yuan, with additional bids from Class A members [1] - The coupon rate for the new bond issuance remains at 1.78%, consistent with previous issuances of the same maturity [1] Group 2 - The interest on the bonds will start accruing from September 15, 2025, with annual interest payments on September 15 each year, and the principal will be repaid on September 15, 2032 [1] - The bidding time for the bonds is scheduled for October 24, 2025, from 10:35 AM to 11:35 AM [1] - The bonds will be auctioned using a modified multiple-price bidding method, with the focus on price as the bidding criterion [1]

Core Viewpoint - The Ministry of Finance plans to issue a 7-year fixed-rate bond, with a total face value of 150 billion yuan, through competitive bidding [1] Group 1: Bond Details - The bond is a 2025 book-entry interest-bearing bond, specifically the 18th issue [1] - The coupon rate will be determined through competitive bidding, with interest payments starting from September 15, 2025 [1] - The principal will be repaid along with the final interest payment on September 15, 2032 [1] Group 2: Auction and Trading Information - The bidding for this bond will take place on September 12, 2025, from 10:35 AM to 11:35 AM [1] - Distribution of the bond will occur after the bidding ends, with trading set to begin on September 17, 2025 [1]