Group 1 - Citigroup's stake in China Merchants Bank's H-shares increased from 4.99% to 5.21% as of November 21 [1]

Group 1 - Wang Ying has been appointed as the new chairman of China Merchants Fund, effective from November 27, 2025, succeeding Wang Xiaoqing, who has held the position for five years [1][2] - Wang Ying has over 28 years of experience at China Merchants Bank, where she has held various senior positions, including vice president [1] - The major shareholders of China Merchants Fund are China Merchants Bank and China Merchants Securities, holding 55% and 45% of the shares, respectively [1] Group 2 - During Wang Xiaoqing's tenure as chairman, China Merchants Fund's public and non-public asset management scale doubled, maintaining a position within the top ten in the industry [2] - Recent leadership changes have also occurred at Bosera Fund, another company under the China Merchants Group, with both the chairman and general manager positions being filled internally [3] - As of November 27, 2023, China Merchants Fund and Bosera Fund have asset management scales of approximately 956.4 billion and 1,192.7 billion, respectively, ranking 12th and 8th in the public fund sector [3]

该行聚焦长者日常金融场景，设计16道"生活化"问答题目，直击长者生活中常见的疑问困惑，通过轻松 的游戏互动形式，让长者在答题过程中掌握防诈技巧，将金融知识转化为守护财富的"硬实力"。 集市打卡享服务，多维便民暖人心 活动现场打造综合便民集市，金融防诈宣传摊位与中医义诊、适老设备体验、消防知识普及等服务点位 相邻联动。长者们手持集章卡穿梭其间，在参与防诈知识学习、领取反诈折页的同时，还能体验多样化 便民服务。当盖满印章的集章卡兑换成满载心意的礼品，长者们脸上洋溢的笑容，正是对"为民办实 事"成效的最好印证。 一场活动的落幕，是持续便民服务的新起点。广州招行始终坚守"为民办实事"初心，不仅是金融服务的 提供者，更愿做社区长者身边值得信赖的金融安全"守护者"。未来，广州招行将持续开展系列便民宣传 活动，把有温度、有实效的金融知识与服务送入更多社区，全力守护千家万户的"钱袋子"，共筑幸福安 稳的美好生活。推广 数字时代下，筑牢长者金融安全屏障，是"为民办实事"的重要实践。为切实守护长者财产安全，将便民 服务落到实处，招商银行广州分行联合紫龙社区及多家爱心商户，精心策划"防诈识骗，守护钱袋"金融 教育宣传活动，把专业金 ...

招银金融资产投资有限公司注册资本为人民币150亿元，为公司全资子公司。设立招银金融资产投资有 限公司后，公司将通过专业化开展市场化债转股业务，深化产融协同与集团协同，服务实体经济；同时 积极开展股权投资试点业务，赋能科技创新，进一步提升公司综合化经营能力，全面推动高质量发展。 格隆汇11月23日丨招商银行(600036.SH)公告，招商银行股份有限公司(简称本公司)收到《国家金融监督 管理总局关于招银金融资产投资有限公司开业的批复》(金复〔2025〕667号)。根据上述批复，公司筹 建的招银金融资产投资有限公司获准开业，公司将按照有关规定和程序前往市场监督管理部门办理工商 注册登记手续，领取企业法人营业执照，并在所有工作准备就绪后依照有关规定完成招银金融资产投资 有限公司的开业工作。 ...

Core Viewpoint - The recent approval of Asset Investment Companies (AIC) by several joint-stock banks marks a significant expansion in the sector, breaking the previous dominance of state-owned banks in this area [1][6][10] Group 1: AIC Expansion - Three joint-stock banks, CITIC Bank, China Merchants Bank, and Industrial Bank, have recently received approval to establish AICs, increasing the total number of bank-affiliated AICs in China to nine [1][6] - The registered capital of the nine AICs has reached a total of 148.5 billion yuan, with the newly established AICs contributing 35 billion yuan [1][4][6] Group 2: Business Focus and Strategy - The newly established AICs will primarily focus on market-oriented debt-to-equity swaps and equity investments, which are expected to enhance the banks' investment banking capabilities and improve profitability [1][2][5] - The AICs aim to provide comprehensive financing support to enterprises, particularly in technology and emerging industries, thereby promoting high-quality development [2][5] Group 3: Competitive Advantages - Joint-stock banks' AICs possess several competitive advantages over state-owned banks, including greater flexibility, faster decision-making, and a focus on niche markets such as technology finance and green industries [8][10] - The AICs are expected to fill the financing gap for small and medium-sized technology enterprises by providing "patient capital" with investment cycles of over five years [8][10] Group 4: Future Outlook - The industry is anticipated to see further expansion of AICs, with more joint-stock banks and potentially city commercial banks being approved to establish their own AICs [9][10] - The regulatory environment is becoming more favorable for the establishment of AICs, which is expected to enhance the overall diversity and competitiveness of the sector [6][10]

（原标题：招商银行新设金融资产投资公司，注册资本150亿） 企查查APP显示，近日，招银金融资产投资有限公司成立，注册资本150亿元，经营范围包含：非银行金融业务。企查查股权穿透显示，该公司由 招商银行（600036）全资持股。 ...

Core Viewpoint - China Merchants Bank has received approval from the National Financial Regulatory Administration to establish a wholly-owned subsidiary, China Merchants Financial Asset Investment Co., Ltd., with a registered capital of 15 billion yuan [1] Group 1 - The newly established subsidiary will focus on market-oriented debt-to-equity swap business [1] - The company will also actively engage in pilot equity investment business [1]

A 股简称：招商银行 A 股代码：600036 公告编号：2025-057 招商银行股份有限公司 关于招银金融资产投资有限公司获准开业的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 招商银行股份有限公司（简称本公司）收到《国家金融监督管理 总局关于招银金融资产投资有限公司开业的批复》（金复〔2025〕667 号）。根据上述批复，本公司筹建的招银金融资产投资有限公司获准 开业，本公司将按照有关规定和程序前往市场监督管理部门办理工商 注册登记手续，领取企业法人营业执照，并在所有工作准备就绪后依 照有关规定完成招银金融资产投资有限公司的开业工作。 招银金融资产投资有限公司注册资本为人民币 150 亿元，为本公 司全资子公司。设立招银金融资产投资有限公司后，本公司将通过专 业化开展市场化债转股业务，深化产融协同与集团协同，服务实体经 济；同时积极开展股权投资试点业务，赋能科技创新，进一步提升本 公司综合化经营能力，全面推动高质量发展。 特此公告。 招商银行股份有限公司董事会 2025年11月23日 ...

Core Points - Hainan Development Holdings Co., Ltd. and China Merchants Bank signed a strategic cooperation agreement to enhance resource synergy and business collaboration, supporting the high-quality development of Hainan Free Trade Port [1] - Hainan Development Holdings has been actively seizing opportunities from the construction of Hainan Free Trade Port, achieving record highs in key operational indicators and entering a phase of healthy and rapid growth [1] - The strategic partnership aims to explore new paths for cooperation between banks and enterprises, leveraging the development opportunities presented by Hainan Free Trade Port [1] Company Overview - China Merchants Bank is the first shareholding commercial bank in China fully owned by corporate legal persons, with 143 branches and 1,800 sub-branches in China as of June 2025, covering over 130 cities domestically and having 6 branches and 1 representative office overseas [2] - The bank holds various financial licenses, including commercial banking, financial leasing, fund management, life insurance, overseas investment banking, consumer finance, and wealth management subsidiaries [2]

Core Viewpoint - China Merchants Bank's wholly-owned subsidiary, China Merchants Financial Investment, has been approved to commence operations with a registered capital of 15 billion RMB [1][6]. Group 1: Company Establishment - The establishment of China Merchants Financial Investment was a smooth process, taking just over six months from board approval to operational approval [4]. - The registered capital of 15 billion RMB makes it the highest initial registered capital for a financial asset investment company at its inception [6]. Group 2: Business Direction - Following its approval, China Merchants Financial Investment will focus on market-oriented debt-to-equity swap business, enhancing synergy between production and finance, and serving the real economy [7]. - The company aims to support technological innovation and promote high-quality development by engaging in equity investment pilot projects [7]. Group 3: Industry Context - The approval of China Merchants Financial Investment aligns with a broader trend where financial asset investment companies (AICs) are expanding their roles in supporting technology innovation and private enterprises [9][10]. - Recent regulatory changes have allowed AICs to broaden their equity investment pilot programs, increasing the number of commercial banks and insurance funds eligible to participate [9].