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Huarong International Financial gets stock exchange nod for bond issue

Huarong International Financial Holdings Ltd. obtained stock exchange approval to raise up to 2 billion Chinese yuan through the issuance of nonpublic corporate bonds.

The company said Dec. 14 that it received a letter of no rejection from the Shanghai Stock Exchange regarding the proposed exercise, which remains subject to certain conditions.

As of Dec. 14, US$1 was equivalent to 6.61 Chinese yuan.