China Citic Bank gets commission's OK for up to RMB 30 billion bonds

By Marisa Wong

Madison, Wis., July 24 - China Citic Bank Corp. Ltd. said it recently received approval from the China Banking Regulatory Commission to issue up to RMB 30 billion of financial bonds in China's interbank bond market.

Proceeds from the issuance will be used to support the Beijing-based bank's small and miniature enterprise loan business.

The proposed bonds are still subject to approval from the People's Bank of China, the company noted.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.