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China Development Bank Financial Leasing to establish aviation leasing unit

China Development Bank Financial Leasing obtained regulatoryapproval to set up a wholly owned aviation leasing unit, Reuters reported Sept.25.

The ChinaDevelopment Bank Corp. unit received approval from the ChinaBanking Regulatory Commission to establish China Development Bank AviationFinancial Leasing.

The company will inject US$50 million of capital in the newunit.