BEIJING, Aug.31 (Xinhua) -- China Zheshang Bank successfully auctioned 20 billion yuan worth of 3-year special financial bonds on August 29, the Xinhua-run Shanghai Securities News reported August 31.
According to the bank, the raised fund will be fully used to provide loans to small and micro-sized enterprises.
The bank has issued small and micro-size enterprise financial bonds for five consecutive years since September 2013. The scale of issuance has expanded year by year, with total auction amounts of 41 billion yuan, ranking first by issue volume in the banking industry.(Edited by Yang Yifan, yangyifan@xinhua.org)