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China's Bank of Guiyang gets approval to issue green bonds

Bank of Guiyang Co. Ltd. received approval from China's central bank to issue up to 8 billion yuan of green bonds.

Proceeds from the issuance will be used to grant loans to green projects, the China-based bank said July 26, without specifying details.

As of July 26, US$1 was equivalent to 6.79 Chinese yuan.