The reporter learned from the Ministry of Finance on December 10 that the Ministry of Finance will launch the issuance of special treasury bond due for renewal in 2025 on December 12. The 750 billion yuan of special treasury bond renewed at this maturity will be issued to relevant banks in the national inter-bank bond market. The maturity varieties include 400 billion yuan for 10-year maturities and 350 billion yuan for 15 year maturities. In 2007, with the consent of the State Council and the approval of the Standing Committee of the National People's Congress, the Ministry of Finance issued 1.55 trillion yuan of special treasury bond as a source of capital for China Investment Corporation. The main terms are 10 years and 15 years, which will gradually expire from 2017. The relevant person in charge of the Ministry of Finance said that when some of the above special treasury bond expire in 2017, 2022 and 2024, the Ministry of Finance will issue special treasury bond to relevant banks for repayment. For the 750 billion yuan of special treasury bond due on December 12, 2025, the Ministry of Finance will continue the practice of previous years, continue to adopt the rolling issuance method, and issue the same amount of special treasury bond to relevant banks for renewal due in 2025. The funds raised will be used to repay the principal due in the current month. It is reported that this issuance process does not involve social investors, and individual investors cannot purchase. "The renewal of special treasury bond due in 2025 is a rolling issue of the same amount of the original special treasury bond, which still corresponds to the original assets and liabilities and does not increase the fiscal deficit," said the person in charge. (New Society)