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

Source text in Chinese: link.reuters.com/xyr99v; link.reuters.com/zyr99v

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