Nod for finance bonds
By Zhang Fengming |
May 15, 2010, Saturday
|
Print Edition
Print Edition
BANK of Communications Finance Leasing Co has gained the regulatory approval to issue up to 2 billion yuan (US$293 million) of finance bonds at the inter-bank bond market.
The leasing company under BoCom, the fifth-biggest bank in China, is among the first batch of finance leasing firms to issue finance bonds. The issuance will help build up the financial market in Shanghai, the Shanghai Bureau of the China Banking Regulatory Commission said yesterday.
The leasing company under BoCom, the fifth-biggest bank in China, is among the first batch of finance leasing firms to issue finance bonds. The issuance will help build up the financial market in Shanghai, the Shanghai Bureau of the China Banking Regulatory Commission said yesterday.
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