Zhitong Finance App News, CICC (03908.HK) announced that the company recently received the “Approval to Register the Public Issuance of Perpetual Subprime Bonds to Professional Investors” from the China Securities Regulatory Commission. According to the approval, the China Securities Regulatory Commission approved the company's registration application for public issuance of perpetual subprime bonds with a total face value of not more than 40 billion yuan to professional investors. The approval is valid for 24 months from the date of approval for registration, and the company can issue perpetual subordinated bonds in installments during the registration period.

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