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Two Chinese companies, Xianfeng Jingke and Zhenhua Co., have had their applications to issue convertible bonds approved by the Shanghai Stock Exchange. These approvals signify that the companies meet the necessary conditions for issuance and listing. Separately, a news flash discusses a global copper shortage outside the US, with US COMEX copper inventories reaching a record high. AI
IMPACT These convertible bond approvals for Xianfeng Jingke and Zhenhua Co. represent significant financial maneuvers that could impact their future investment and operational capacity.