December 23, 2016 / 1:07 PM / 8 months ago

BRIEF-Regulator approves private bank formed by Risesun Real Estate's unit

Dec 23 (Reuters) - Risesun Real Estate Development Co Ltd

* Says the private bank its unit forms gets banking regulator's approval with registered capital at 2.0 billion yuan ($288.02 million)

Source text in Chinese: bit.ly/2hfTrJs

Further company coverage: ($1 = 6.9440 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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