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Jiangsu Financial Leasing to raise up to 2B yuan in green bonds

Jiangsu Financial Leasing Co. Ltd. plans to issue up to 2 billion yuan of bonds that will be used to finance green industry projects.

The move was approved by regulatory authorities and is valid for two years from the date of official consent, according to a March 19 release.

As of March 19, US$1 was equivalent to 6.71 Chinese yuan.