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Ping An Bank gets nod for bond issuance of up to 35B yuan

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Ping An Bank gets nod for bond issuance of up to 35B yuan

Ping An Bank Co. Ltd. plans to issue up to 35 billion yuan of bonds.

The move was approved by China's banking regulator and central bank.

There were no other details.

As of Dec. 7, US$1 was equivalent to 6.87 Chinese yuan.