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BEIJING - China Huarong Financial Leasing Co, Ltd issued 1 billion yuan ($147 million) in bonds Thursday, according to a statement posted on the company's website.
Huarong Financial Leasing became the first of its kind to issue bonds as China opened issuance to leasing firms to diversify its bond market, said Hu Jiliang, president of the firm.
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China Huarong Financial Leasing is a subsidiary of China Huarong Asset Management Corporation, one of four State-owned asset management firms.