Date
15 December 2017

Four regional banks get debt underwriting licenses, paper says

Four regional banks have secured B-class underwriting licenses for debts issued by non-financial companies on the inter-bank market, the National Business Daily reported Wednesday, citing an announcement from the National Association of Financial Market Institutional Investors. Bank of Jiangsu, Bank of Tianjin, Huishang Bank and Beijing Rural Commercial Bank have been allowed to conduct the business in the regions of their incorporation, the paper said. Within one year after securing the licenses, the lenders should be able to jointly underwrite debts with major underwriters with A-class licenses, the report said.

– Contact HKEJ at [email protected].com

KZ/AC/RC

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