At 22:33 on October 22, 2026, a 7.0 magnitude earthquake occurred in Baqing County, Nagqu City, Tibet, causing heavy casualties. The People's Bank of China organized the treasury department to immediately launch an emergency plan, promptly open a “green channel” for treasury funds transfer, and make every effort to ensure that disaster relief funds are disbursed accurately and in a timely manner. As of 15:00 p.m. on October 23, the Tibet Autonomous Region of the State Treasury had disbursed 200 million yuan of emergency funds to the Nagqu Central Branch, and the Nagqu Central Branch had disbursed 300 million yuan of emergency funds to the Baqing County Agent Branch. At the same time, the Nagqu Central Branch Office was guided to take over treasury operations in Baqing County from another location, ensure uninterrupted receipt and payment of treasury funds in the affected areas, and provide efficient treasury services for earthquake relief, material support, and relocation and resettlement of people affected by the disaster.

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