Tender Notice of Time Deposits of Commercial Banks for Central Treasury Cash Management (Ninth Issue, 2024)

(Central Treasury Cash Management Operations Office, November 13, 2024)

In order to improve the effectiveness of central treasury cash management and to reinforce the coordination between fiscal and monetary policies, the Ministry of Finance and the People’s Bank of China (PBOC) are scheduled to conduct a public tender of the time deposits of commercial banks for central treasury cash management (Ninth Issue, 2024) from 9:00 a.m. to 9:30 a.m. on November 18, 2024. The tender will be conducted through the PBOC’s system of time deposits of commercial banks for central treasury cash management. The time deposits will register RMB120 billion with a term of one month (28 days). The value date is November 18, 2024 and the maturity date is December 16, 2024 (postponed in the case of public holidays). This tender is open to participating banks of the time deposits for central treasury cash management through interest rate bidding. The tender will be conducted according to the Operating Rules for the Time Deposits of Commercial Banks for Central Treasury Cash Management, the Tender Rules for the Time Deposits of Commercial Banks for Central Treasury Cash Management and other relevant regulations.