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Pacific Securities commits up to 2B yuan in bailout funds for private companies

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Pacific Securities commits up to 2B yuan in bailout funds for private companies

Pacific Securities Co. Ltd. commits up to 2 billion yuan in bailout funds for struggling private enterprises.

The funds will be used based on market and individual project conditions, the brokerage said Dec. 19.

As of Dec. 19, US$1 was equivalent to 6.89 Chinese yuan.