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Zhejiang Nanxun Rural Commercial Bank raises dividend

Zhejiang Nanxun Rural Commercial Bank Co. Ltd. proposed a higher cash dividend for the year ended Dec. 31, 2017.

The bank proposed a dividend of 13 Chinese fen per share for 2017, up from 10 fen per share for 2016, the lender said May 10.

As of May 10, US$1 was equivalent to 6.35 Chinese yuan.