Aug 16, 2010 06:05 PM

ICBC's Huarong Bonds Extended for 10 Years

By intern reporter Bai Lin

Industrial and Commercial Bank of China had the bonds it bought from Huarong Assets Management Co. extended for 10 years, according to a statement by the Beijing-based lender.

The Ministry of Finance has informed ICBC that it would provide support to China Huarong over the payment of the principal and interest of a 313 billion yuan bond issued to ICBC, according to the statement.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: Why Modi Won’t Play Cowboys and Indians With Trump, Opting Instead for Strategic Autonomy

2: China, U.S. to Meet in Spain Over TikTok, Trade Disputes

3: AI Offers Hope for Growth, but Global ‘Disorder’ Poses Major Risks, Lawrence Summers Says

4: Weekend Long Read: Tycoon’s Eight-Hour Escape Exposes Failings of a Model Chinese Prison

5: Carlyle, HongShan, EQT Among Final Contenders for Starbucks’ China Business

SPONSORED

OR