Group 1 - The core point of the article is that the 2025 book-entry interest-bearing government bonds have completed the bidding process, with a planned issuance of 108 billion yuan and an actual issuance of 108.84 billion yuan [1] - The term of the bonds is 5 years, with a determined coupon rate of 1.55% [1] - Interest on the bonds will start accruing from July 25, 2025, with distribution occurring after the bidding until July 25, and trading will commence on July 29 [1]