Regional lenders have been allowed to underwrite debt issued by non-financial companies, Shanghai Securities News reported Wednesday, citing the National Association of Financial Market Institutional Investors. Eleven banks have received approval to offer the service under a pilot program. These include Bank of Tianjin, Bank of Jiangsu, Huishang Bank, Bank of Ningbo and Bank of Hangzhou, the report said. They can undertake debt underwriting in designated regions.
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