news flash·2025-07-04 10:51Core Viewpoint - China Merchants Bank has officially announced the establishment of its Asset Investment Company (AIC), which is expected to enhance its market-oriented debt-to-equity swap and equity investment pilot business [1] Group 1: Company Developments - The establishment of China Merchants Bank's AIC was approved after a two-month process, with the announcement made on July 3 [1] - The new team for the AIC will be formed by reallocating personnel from within the bank, primarily from its subsidiary, China Merchants International, along with contributions from various departments including the Asset and Liability Department, Strategic Client Department, and Investment Banking Department [1] Group 2: Industry Context - The approval of China Merchants Bank's AIC follows similar approvals for AICs from Industrial Bank and CITIC Bank, bringing the total number of AICs in the banking sector to eight [1] - Analysts suggest that the establishment of AICs will help banks reach a broader customer base and improve profitability, but it may also introduce challenges related to capital consumption and risk management [1]