Bank of Chongqing approved for up to RMB 7 billion capital perpetuals

By William Gullotti

Buffalo, N.Y., Dec. 5 – China’s Bank of Chongqing Co., Ltd. announced it has been approved to issue up to RMB 7 billion of write-down undated capital bonds in the national inter-bank bond market, according to a notice on Monday.

Further details regarding the approval were not disclosed in the notice.

The financial services company is based in Chongqing municipality in Sichuan Province, China.

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