Sinolink Securities (SHA:600109) received approval from the National Association of Financial Market Institutional Investors to conduct a general lead underwriting business of non-financial enterprise debt financing instruments in the interbank bond market.
The approval allows Sinolink Securities to act as the lead underwriter for corporate bonds issued in the interbank market, facilitating the issuance of debt securities for non-financial companies, according to a Shanghai Stock Exchange filing on Friday.
The Chinese securities brokerage will set up departments for the lead underwriting business, as well as hiring personnel and introducing rules and operating procedures for the business, the disclosure said.
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