June 12 (NBD) -- China Vanke Co Ltd (000002.SZ) said in a filing Tuesday that it has gained the nod from the China Securities Regulatory Commission for its plan of issuing rental housing corporate bonds worth of no more than 8 billion yuan (1.2 billion U.S. dollars) to eligible investors. 

The bond will be issued in phases. 

Vanke is ramping up its efforts to promote rental housing, with a goal of launching more than 100,000 rental units this year.

Email: lansuying@nbd.com.cn