Huan Qiu Wang·2025-05-09 02:38Group 1 - China Merchants Bank announced plans to invest RMB 15 billion to establish a wholly-owned financial asset investment company (AIC) [1] - The new AIC will become a wholly-owned subsidiary of the bank, with specific business scope subject to approval from financial regulatory authorities [1] - CITIC Bank also announced plans to invest RMB 10 billion to set up a wholly-owned subsidiary, CITIC Financial Asset Investment Co., Ltd. [5] - Industrial Bank disclosed that it has been approved to establish Industrial Financial Asset Investment Co., Ltd. with a registered capital of RMB 10 billion [5] Group 2 - The establishment of these AICs is seen as a way to better support the development of new productive forces and to professionalize and marketize debt-to-equity swap operations [5] - The National Financial Regulatory Administration has indicated plans to expand the establishment of AICs to qualified national commercial banks [6] - The non-bank financial team at CITIC Securities believes that AICs will become an important avenue for banks to participate in technology finance and equity markets, leading to innovative business developments in venture capital, equity investment, and corporate restructuring [6]