The Ministry of Finance plans to issue the 2026 Book-Entry Discount (Series I) Treasury Bond. This issue is a 182-day discount bond with a total competitive tender face value of 40 billion yuan; no additional bids from Category A members will be accepted. The issue price of this Treasury bond will be determined through a competitive tender and will be issued at a discount below face value. Interest on this bond will accrue from January 7, 2026, and the bond will be redeemed at par on July 8, 2026 (postponed in the event of a public holiday). Distribution will take place from the conclusion of the tender until January 7, 2026, and the bond will begin trading on January 9.