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Published on 12/15/2016 in the Prospect News Emerging Markets Daily.

China’s Harbin Bank eyes RMB 8 billion offshore preference shares

By Marisa Wong

Morgantown, W.Va., Dec. 15 – Harbin Bank Co., Ltd. is proposing to issue up to RMB 8 billion of offshore preference shares to replenish its additional tier 1 capital, according to a company announcement.

The issuance is subject to shareholders’ approval.

The bank is based in Harbin, China.


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