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English > Finance&Economy > Finance-Breakingnews>PICC P&C Shareholders Approve 8 Bln Subordinated Bond

PICC P&C Shareholders Approve 8 Bln Subordinated Bond

05-08 19:03 Caijing



»PICC Property & Casualty Co. (HK 2328), China's largest non-life insurer, said its shareholders have approved the issue of up to 8 billion yuan in 10-year subordinated bonds. 
»Proceeds from the issue will be used to improve its solvency, it said.
From wires 
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