Major Chinese steel producer Hebei Iron and Steel Co. Ltd announced on December 14 that its application for a bond issue worth a maximum of RMB 5 billion ($801 million) has been approved by China Securities Regulatory Commission (CSRC).
In line with the approval, the company’s share price ended trading on December 14 at RMB 2.58 ($0.41), up 4.45 percent compared to the end of trading on the previous day.