BRIEF-China's Industrial Bank plans subordinated debt, cooperates with Baidu unit

June 12 Thu Jun 12, 2014 5:09am EDT

June 12 (Reuters) - Industrial Bank Co Ltd

* Says signs strategic agreement with Baidu's Beijing unit to cooperate on banking products and services

* Says gets central bank aprroval to issue up to 20 billion yuan ($3.22 billion) subordinated debentures

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Further company coverage: ($1 = 6.2175 Chinese Yuan Renminbi) (Reporting by Hong Kong and Singapore newsrooms)