BRIEF-China Zheshang Bank receives approval from CSRC concerning issuance of offshore preference shares

March 16 (Reuters) - China Zheshang Bank Co Ltd:

* Bank received "approval from CSRC concerning issuance of

offshore preference shares by China Zheshang Bank Co., Ltd."

issued by CSRC

* CSRC approved bank's issuance of up to 150 million

offshore preference shares

* Each offshore preference share has a par value of RMB100

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