On May 15, the Shenzhen Local Financial Regulatory Bureau issued an approval, permitting Tongfang Global Life Insurance Co., Ltd. to publicly issue up to RMB 1 billion (inclusive) in 10-year redeemable capital supplement bonds on the national interbank bond market. The approval stipulates that Tongfang Global Life Insurance must complete the issuance within the period authorized by the bond market regulatory authorities and submit a report on the issuance details to the Shenzhen Local Financial Regulatory Bureau within 10 working days after the issuance concludes.
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