New China Life Insurance Company Ltd. (SHSE: 601336) has announced it has received formal approval to issue perpetual capital bonds.
The company stated it has obtained the necessary approval from regulatory authorities to publicly issue up to RMB 10 billion worth of perpetual capital bonds on the national interbank bond market.
This follows the company's earlier receipt of a permit from the People's Bank of China, which also granted approval for the issuance of these capital instruments.
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