October 10 Whether the treasury bonds issued are electronic or certificate based

The issue on October 10 of this year is electronic.

Electronic treasury bond sales outletsElectronic treasury bonds are used to enrich the varieties of treasury bonds, improve the management mode of treasury bond creditor's rights, improve the efficiency of treasury bond issuance, and facilitate treasury bond investors. The electronic treasury bonds adopt the achievements of modern information technology, which fully embodies the individual-oriented design concept and the characteristics of the times.

On the basis of drawing on the advantages of convenience and flexibility of certificate-type treasury bonds, the Ministry of Finance has decided to refer to international experience to launch electronic savings treasury bonds, which are a kind of non-negotiable RMB bonds issued by the Ministry of Finance of China for the savings funds of Chinese citizens in China, and the creditor's rights are recorded electronically.

Certificate-type treasury bonds refer to treasury bonds issued by the state by filling in treasury bills collection vouchers instead of printing physical coupons. It is in the form of a treasury bond receipt voucher as proof of creditor's rights, which cannot be listed and transferred, and the interest is calculated from the date of purchase. During the holding period, if the coupon holder needs to hold cash under special circumstances, he can redeem it in advance at the purchase outlet.

In the case of early redemption, in addition to repaying the principal, the interest is calculated according to the actual holding days and the corresponding interest rate grade, and the handling agency will charge a handling fee according to 2 of the principal paid.

Hello, it's electronic. According to the announcement of the "Notice on Matters Concerning the Issuance of the First and Second Phases of Savings Bonds in 2023" officially issued by the Ministry of National Bonds, the spring relief of savings bonds issued in April 2023 is electronic. In April, the treasury bonds will be issued from April 10 to April 19, with the largest issuance amount of 25 billion yuan and the maximum total issuance of 50 billion yuan.

In October 2021, the treasury bonds were electronic, and in 2021, there were 4 batches of savings treasury bonds in the form of certificate savings bonds, and 5 batches of electronic savings bonds. Treasury bonds are bonds issued by the state, is a kind of bond issued by the state to raise financial funds, is issued by the company to investors, promises to pay interest in a certain period of time and repay the principal at maturity of the creditor's rights and debt certificates, because the issuer of national bonds is the state, so it has the highest credit, is recognized as the safest investment tool.

Extended Materials: Purpose of Issuance.

1. Raise military spending.

In times of war, military expenditures were enormous, and in the absence of other means of financing, they were raised through the issuance of war bonds. The issuance of war treasury bonds is a common method used by all countries in wartime, and it is also the first origin of treasury bonds.

2. Balance fiscal revenue and expenditure.

Generally speaking, the balance of fiscal revenue and expenditure can be carried out by increasing taxes, issuing additional currency, or issuing treasury bonds. Compared with the above three methods, increasing taxes is a practice taken from the people for the people, although it is a good method, but there is a certain limit to increasing taxes, if the taxes are too heavy and exceed the bearing capacity of enterprises and individuals, it will not be conducive to the development of production, and will affect future tax revenues. The issuance of additional currency is the most convenient option, but it is the least desirable, since the issuance of additional currency to cover the fiscal deficit will lead to severe inflation, which will have the most severe impact on the economy.

In the case that it is difficult to raise taxes and it is not possible to increase the issuance of currency, it is still a feasible measure to make up for the fiscal deficit by issuing treasury bonds. **Through the issuance of bonds, the idle funds of units and individuals can be absorbed, and the country can tide over the period of financial difficulties. However, the issuance of deficit government bonds must be moderate, otherwise it will also cause serious deflation.

3. Raise construction funds.

The state needs a large amount of medium and long-term funds to carry out the construction of infrastructure and public facilities, and through the issuance of medium- and long-term treasury bonds, a part of the short-term funds can be converted into medium- and long-term funds for the construction of large-scale national projects to promote economic development.

4. Issuance of borrowed treasury bonds.

In the peak period of debt repayment, in order to solve the problem of debt repayment, the state issues loan and exchange treasury bonds to repay the old debts that are due, which can reduce and disperse the country's debt repayment burden.

There is no certificate for the purchase of electronic savings bonds.

The trouble of the credit certificate is stronger. Moreover, electronic savings treasury bonds can be purchased on the ICBC online banking, which is very convenient and does not have to go to the bank to queue up to buy, which consumes a lot of time.

Electronic savings bonds refer to non-negotiable RMB bonds issued by the Ministry of Finance in China and in which claims are recorded electronically. It is only available to domestic Chinese citizens, and cannot be purchased by institutional investors such as enterprises, institutions, and administrative agencies.

The redemption unit of electronic savings treasury bonds is 100 yuan, and the minimum and maximum purchase limits of individual treasury bond accounts are set according to the single period of treasury bonds, so as to distinguish them from residents' savings. Interest on electronic savings bonds is exempt from income tax. After maturity, the undertaking bank will automatically transfer the principal and interest receivable of the investor to its capital account.

1.Different purchase application procedures. Investors can directly purchase certificate-type treasury bonds with cash, while investors need to open a treasury bond account and designate the corresponding fund account to purchase electronic treasury bonds.

2.Different interest payment methods. Certificate-type treasury bonds repay principal and interest in a lump sum at maturity, while electronic treasury bonds have a variety of interest payment methods, including annual interest payment and interest payment with principal.

3.The issuance objects of certificate-type treasury bonds are mainly individuals, and institutions can also subscribe to them; Electronic book-entry bonds are only issued to individuals and cannot be purchased or held by institutions.

4.In terms of debt interest payment, after the maturity of paper-based treasury bonds, investors need to go to the outlets of underwriting institutions to handle payment matters, and no interest will be charged after maturity. However, after the expiration of the electronic accounting voucher, the user can complete the redemption through the "Treasury Bond Redemption" in the online banking, and no interest will be added after the expiration.

1. Electronic treasury bonds: refers to the non-negotiable RMB bonds sold by the Ministry of Finance to individual investors through pilot commercial banks and recorded in electronic form, without formal certificates, withdrawn after the issuance period, fixed value date and maturity date, withdrawn and deducted interest, paid annually, principal repayment at maturity + last interest, automatic redemption at maturity, the sales period is usually 10-14 days, but the ** period is only 4-5 days; The sales quota is the basic quota + the flexible quota;

2. Certificate treasury bonds: refers to the treasury bonds sold by the Ministry of Finance to the public through various underwriting agencies in the form of "certificate treasury bonds of the People's Republic of China". There is a formal certificate for over-the-counter purchase, which can be reported as lost, and the redemption is made during the issuance period, the interest is calculated from the date of purchase, and the interest is calculated in stages corresponding to the maturity date, and the one-time repayment of principal and interest is currently only supported at the counter, and the sales period is usually 10-14 days, and the sales amount is a fixed amount.

Further information: 1. Electronic bonds are better than certificate bonds.

Electronic treasury bonds are paid on an annual basis, and the principal is repaid and the interest of the current year is paid after maturity, while certificate treasury bonds are repaid after maturity, certificate savings treasury bonds: voucher savings treasury bonds can only be purchased through bank counters, investors can prepare funds before the sale, bring the debit card or deposit certificate of the corresponding bank, and personal identity documents to the counter of the branch to purchase. Electronic Savings Treasury Bonds:

Electronic Treasury bonds can be purchased over the counter or through mobile banking. Mobile banking is relatively more convenient to purchase, which can avoid the trouble of waiting in line.

2. Treasury bonds.

Treasury bills are issued by the Ministry of Finance to make up for the imbalance between fiscal revenue and expenditure; Public bonds are a type of bond issued to raise funds for construction. The two are also sometimes referred to collectively as public debt. **Bonds have the characteristics of high security, strong liquidity, stable income and tax exemption.

Bonds are debt certificates issued to investors for the purpose of raising funds and promising to pay interest and repay the principal within a certain period of time, including national bonds, local bonds and guaranteed bonds.

Conclusion: I found out that I bought an electronic treasury bond actually arrived half a month in advance, but I didn't know it at the time, and then on the day I arrived on the Internet, I found that the money had arrived half a month earlier, and the salesman didn't know this trick, and said that it was impossible, so it was true.

Electronic treasury bonds are aimed at individual investors, and the subscription is limited to domestic Chinese citizens, not institutional investors.

In addition, electronic treasury bonds are non-negotiable RMB bonds that record claims electronically, without formal certificates, and are withdrawn after the issuance period, with a fixed value date and maturity date, and the interest is deducted and the interest is paid annually. Certificate Treasury Bonds: Refers to the Ministry of Finance.

Treasury bonds sold to the public through various underwriting agencies in the form of "People's Republic of China Certificate Treasury Bond Collection Certificate". In addition, there is a formal certificate for purchase over the counter, which can be hung up on suspicion and loss, and the redemption is withdrawn during the issuance period, with interest from the date of purchase, corresponding to the maturity date, and the interest is calculated in stages, and the principal and interest are repaid at the maturity of a lump sum, which only supports purchase over the counter.

Electronic Treasury Bonds and Certificate Treasury Bonds

1.The interest payment method is different.

Certificate-type treasury bonds are a one-time repayment of principal and interest at maturity. There are various ways to pay interest on treasury bonds in electronic bookkeeping, including varieties that pay interest on an annual basis and varieties that benefit from principal payment.

2.The target of issuance is different.

The issuance of certificate-type treasury bonds is mainly for individuals, and institutions can also subscribe for them. The issuance of treasury bonds for electronic bookkeeping is limited to individuals, and institutions are not allowed to purchase or hold them.

3. The value date is different.

Even if you buy a bond on the 10th of this month, the value date may be on the 15th of this month; On the other hand, the value date of certificate treasury bonds is calculated from the date of purchase.

Electronic treasury bonds are aimed at individual investors, the subscription object is limited to domestic Chinese citizens, not issued to institutional investors, and at the same time set up a single account purchase limit, in addition, electronic treasury bonds are non-negotiable RMB bonds that record claims electronically, without formal certificates, and are redeemed after the issuance period, with a fixed value date and maturity date, and the interest is deducted from the redemption and paid annually. Certificate treasury bonds: refers to the treasury bonds sold by the Ministry of Finance to the public through various underwriting agencies in the form of "certificate treasury bonds of the People's Republic of China".

In addition, there is an official certificate purchased at the main desk of the counter, which can be reported as lost, and the redemption is made during the issuance period, the interest is calculated from the date of purchase, the corresponding maturity date, the interest is calculated in stages, and the principal and interest are repaid in a lump sum at maturity, which only supports the purchase over the counter.

On September 10, 2016, the sale of certificate treasury bonds was sold by China Merchants Bank, which can be purchased through China Merchants Bank outlets, and the sales time of the outlets over the counter began at 09:00 on September 10 and ended on September 19.

According to different criteria, government bonds can be classified as follows: according to the different ways of borrowing, government bonds can be divided into state bonds and state borrowing.

National bonds: It is the formation of a legal relationship of national bonds through the issuance of bonds. State bonds are the main form of domestic debt, and the main forms of state bonds issued by China include treasury bonds, national economic construction bonds, and national key construction bonds.

Nine, there is a voucher test or an electronic one.