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China's Huaxia Bank Co. Ltd. , a mid-sized bank partly owned by Deutsche Bank , said on Friday it had won regulatory approval to issue up to 15 billion yuan ($2 billion) in bonds.

The approval was granted by the China Securities Regulatory Commission and the People's Bank of China, the central bank, Huaxia said in a statement published in the official Shanghai Securities News. It gave no further details. ($1=7.64 Yuan)