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Industrial and Commercial Bank of China gets OK of RMB 100 billion tier 1 capital
By Wendy Van Sickle
Columbus, Ohio, March 29 – Industrial and Commercial Bank of China Ltd. received approval from the China Banking and Insurance Regulatory Commission to issue up to RMB 100 billion of additional tier 1 capital bonds, according to a notice with the Stock Exchange of Hong Kong, Ltd.
The lender is based in Beijing.
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