Foreign banks OK'd to underwrite corporate debt
By Victoria Bi and Li Hongwei | China Daily | Updated: 2011-06-17 07:35
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HSBC Holdings' building in the financial district of Hong Kong. The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in the country. Provided to China Daily |
Move paves way for HSBC and Citigroup to win Chinese licenses
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