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CMB Financial Leasing injects capital in aviation finance unit

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CMB Financial Leasing injects capital in aviation finance unit

CMB Financial Leasing Co. LTD injected 4.5 billion yuan into its wholly owned subsidiary CMB Aviation Shipping Financial Leasing Co. Ltd.

This raises the unit's registered capital to 5 billion yuan from 500 million yuan, according to a July 27 release.

CMB Financial Leasing is a subsidiary of China Merchants Bank Co. Ltd.

As of July 27, US$1 was equivalent to 6.81 Chinese yuan.