China Development Bank has been given a nod to issue five billion yuan-denominated bonds in Taiwan to satisfy its overseas yuan or Renminbi business demand, according to an announcement posted on website of the National Development and Reform Commission (NDRC) Tuesday.
China Development Bank is an ex-Chinese policy bank and originally, its bonds issued before the end of 2015 can enjoy zero risk weighting until maturity. Besides, China Banking Regulatory Commission granted zero risk weighting to all its yuan- or foreign currency-denominated bonds in mid June.
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