China Everbright Bank gets reform nod

China Everbright Bank Co yesterday said it has got regulatory approval for financial restructuring.

"The detailed reorganization plan will be further discussed by and are subject to approval of the board and shareholders," the bank said in a statement on its website, without elaborating.

As early as in December, market sources had said Central Huijin, the central bank's investment arm, would pump 20 billion yuan into the Beijing-based lender to strengthen its balance sheet. But neither of the parties confirmed the move.