SAIC GMAC approved to issue bonds of no more than 8 bln yuan

SAIC GMAC, the first professional auto finance company in China, was approved by local regulators to issue financial bonds with a term no more than 5 years and worth no more than 8 bln yuan.

To date, it has issued financial bonds of nearly 30 bln yuan. (STCN) 

Editor: Tan Yuhan