To improve the efficiency of central treasury cash usage and strengthen the coordination between fiscal policy and monetary policy, the Ministry of Finance and the People's Bank of China will conduct a tender for the central treasury cash management commercial bank fixed deposit (Phase I) from 9:00 to 9:30 on January 14, 2025, through the commercial bank fixed deposit business system of the People's Bank of China. The operation volume for this phase is 120 billion yuan, with a term of 2 months (63 days), the interest date is January 14, 2025, and the maturity date is March 18, 2025 (postponed in case of public holidays), targeting participating banks of the central treasury cash management commercial bank fixed deposit business for interest rate bidding. (Central Bank)