The Ministry of Finance plans to issue the 2026 Book-Entry Discount (Series III) Treasury Bond. This bond is a 63-day discount bond with a total competitive tender face value of 30 billion yuan; no additional bids from Category A members will be accepted. The issue price will be determined through competitive bidding, and the bonds will be issued at a discount below face value. Interest on the bonds will accrue from January 7, 2026, and they will be redeemed at face value on March 11, 2026 (postponed in the event of a public holiday).