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Chongqing Rural Commercial Bank obtains approval for Shanghai IPO

obtained regulatory approval for its IPO in Shanghai, China's Securities Times reported Sept. 22.

Backin April, the bank said it was looking to issue up to 1,357,000,000 shares,representing 12.73% of its issued share capital, in the proposed offering. Thebank had listed its H shares on the Hong Kong stock exchange in 2010.