Huaxia Bank: RMB10 billion green financial bonds approved

On February 4, Huaxia Bank issued a notice on the approval on the issuance of green financial bonds, saying that it had recently received a reply from the China Banking and Insurance Regulatory Commission (CBIRC).

On February 4, Huaxia Bank issued a notice on the approval on the issuance of green financial bonds, saying that it had recently received a reply from the China Banking and Insurance Regulatory Commission (CBIRC).

The CBIRC agreed that the bank should issue financial bonds of no more than 10 billion yuan in the national interbank bond market, and all the funds raised should be used for green credit products.

Huaxia Bank said it would submit a formal written report on the issuance to the China Banking and Insurance Regulatory Commission (CBIRC) within one month after the completion of the issuance of financial bonds.

The above matters need to be approved by the central bank.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/07/huaxia-bank-rmb10-billion-green-financial-bonds-approved/.

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