RMB 760 Mln Financing Bill Issuance

On 5 July 2008 the board of directors approved a proposal to issue up to RMB 760 mln in inter-bank financing bills within a 365-day term to lower financial costs, optimise financing structures and broaden financing channels. The issuance price will be based upon market conditions and within the requirements of the People's Bank of China. The proposal is subject to the approval of a general meeting of shareholders.


Source: Securities Times

Date: 5 Jul 2008

CN01/RL/MZ/BT/MM