Banking News
- Minsheng's leasing firm approved
Date: 16-Oct-2007 Sources: (Shenzhen Daily)
CHINA Minsheng Bank Corp. said yesterday it has won the banking regulator's approval to set up a financial leasing company.
The bank said in April that it would set up a leasing firm with registered capital of 4 billion yuan (US$533 million) with domestic partners, with Minsheng having a 51 percent stake. 'The China Bank Regulatory Commission has approved the establishment of Minsheng Financial & Leasing Co.,'Minsheng said in a filing to the Shanghai Stock Exchange.
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