1988 March 14, Ministry of Finance
A, 1983, 1984, the principal will be repaid in years when individuals purchase government bonds, and the lot will be drawn at the end of March 1988. One-time withdrawal of 5-year repayment times shall be announced by the Ministry of Finance, and the repayment times of the current year shall be announced every year. If the last digit of the treasury bill number is the same as the repayment number of each year listed in the announcement, it is the treasury bill payable for that year.
Two, the purchase of government bonds by the unit does not draw lots, and it will be repaid 5 times in 5 years on average according to the total purchase amount of the unit, with 20% of the total repayment amount each time.
Three, every year from July 1 day to September 30th for the repayment period of national debt. If the national debt should be redeemed, it should be handled within the redemption period. If the treasury bills payable in the current year are not paid on time due to various reasons, they can continue to be paid in the next year's payment period, but the treasury bills of 1983 and 1984 should be paid before September 30, 1992 and 1993 respectively.
Four, the national debt should repay the principal and interest every year, and the interest will be calculated to June 30th of that year. If the principal is not redeemed at maturity, the interest (simple interest) will still be calculated at the original interest rate until June 30, 1992,1993; Beyond June 30, 2003 and June 30, 2003 without interest.
5. 1983 and 1984 units will purchase government bonds, which are not cash, and will be paid by bank transfer. Personal purchases will be paid in cash with coupons.
6. Redemption of broken and defaced Treasury bills shall still be handled according to the Measures for Redemption of Broken and Defaced Treasury Bills jointly issued by the Ministry of Finance of People's Republic of China (PRC), People's Bank of China, Industrial and Commercial Bank of China and Agricultural Bank of China 1986 1.3.
Seven, debt service matters, commissioned by the people's Bank of China professional banks responsible for handling, the annual number of debt service to the Ministry of Finance of People's Republic of China (PRC) shall prevail.
Eight, these Measures shall come into force as of the date of promulgation.