CM Bank (SHA:600036, HKG:3968) Allowed to Issue Up to RMB20B Fin Bonds


China Merchants Bank (SHA:600036, HKG:3968) announced that it has received approvals from the China Banking Regulatory Commission and the People's Bank of China for the issue of financial bonds.

The company is given the approval to issue financial bonds with a principal sum not exceeding RMB20 billion through public offering within the national inter-bank bond market. The proceeds of the issue will be applied for the extension of loans to small and micro enterprises.

Following the completion of the issue of the financial bonds, the financial bonds will be traded in the national inter-bank bond market in accordance with relevant regulatory requirements.


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