Group 1 - The Ministry of Finance plans to issue the second tranche of the 2025 ultra-long special government bonds, with a total face value of 35 billion yuan [1] - The bonds have a fixed interest rate of 2.10%, consistent with the previously issued bonds of the same term [1] - The issuance will not allow additional bidding from Class A members, and the interest start date and payment arrangements will match those of the previously issued bonds [1] Group 2 - In August, the retail sales of new energy vehicles in the passenger car market reached 1.079 million units, representing a year-on-year growth of 5% [2] - The retail penetration rate for new energy vehicles in the market is 55.3%, with cumulative retail sales of 7.535 million units this year, up 25% compared to the previous year [2]

Core Points - The issuance of a 50-year special government bond has been completed, with a total face value of 50 billion yuan and a coupon rate of 2.10% [1] Group 1 - The bond issuance is part of a long-term financing strategy, with the bonds set to start accruing interest on May 25, 2025 [1] - The distribution of the bonds will take place from May 26, 2025, and they will be listed for trading starting May 28, 2025 [1]