Beijing looking for RMB 215 billion
(China) - The State Development Bank of China plans to issue RMB 215bn in financial bonds in 2002, expecting the bonds to become tradeable on the stock market.
The bank is looking to issue RMB 173bn worth of long and medium term loans and recoup loans and related interest of a combined RMB 114.6bn during the year. This is based on Bank forecasts of a capital adequacy ratio of over 8 percent and total assets of RMB 1,020bn by the end of 2002.
Subscribe