China's chief economic planning agency said Wednesday it has given approval to 10 banks to issue a combined CNY25 billion worth of yuan-denominated bonds in Hong Kong.

The ten banks include policy banks and major commercial lenders: China Development Bank Corp., Export-Import Bank of China, Agricultural Development Bank of China, Industrial & Commercial Bank of China (Asia) Ltd. (1398.HK), Agricultural Bank of China Ltd. (1288.HK), Bank of China Ltd. (3988.HK), China Construction Bank Corp. (0939.HK), and the China units of Bank of East Asia Ltd. (0023.HK) and HSBC Holdings PLC (0005.HK).

The National Development and Reform Commission posted the approvals in a statement on its website.

-By Shen Hong and Fiona Law, Dow Jones Newswires; 8621 6120-1200; hong.shen@dowjones.com