Cosco Shipping Development (CSD), the financing arm of Chinese state conglomerate China Cosco Shipping, is keeping its long-awaited CNY 8.6bn ($1.25bn) private issue alive.

According to exchange filings, CSD has been exchanging opinions with China Securities Regulatory Commission lately over the issue of A-shares that will be listed on the Shanghai Stock Exchange.

“This issue has yet to receive approval from the regulator.