邮储银行获批筹建中邮投资六大行AIC终“集齐”

Core Viewpoint - The establishment of the China Post Financial Asset Investment Company marks a significant development in the banking sector, responding to national calls for supporting technological innovation and private enterprises, while expanding the number of bank-affiliated financial asset investment companies (AICs) to nine [1][2]. Group 1: Establishment and Purpose - The China Post Bank has received approval to establish the China Post Financial Asset Investment Company with a registered capital of 10 billion yuan, which will be a wholly-owned subsidiary [1]. - The establishment of this AIC is part of the bank's efforts to support the construction of a technology-driven economy and to engage in market-oriented debt-to-equity swaps and equity investment pilot projects [2]. Group 2: Industry Context and Expansion - The number of bank-affiliated AICs has increased to nine, with the largest registered capital among the major banks ranging from 14.5 billion to 27 billion yuan, with ICBC's investment company leading at 27 billion yuan [2]. - The pilot program for bank-affiliated AICs began in 2017, and the scope has expanded significantly, with the trial areas now including 18 cities as of March 2025 [2]. Group 3: Financial Performance and Challenges - Recent data indicates that bank-affiliated AICs contributed 3.021 billion yuan in investments, accounting for 27% of the total, with ICBC's investment company leading at 1.447 billion yuan [3]. - Despite the growth in AICs, the profitability of these entities has shown volatility, with some reporting declines in profits due to challenges in the equity investment landscape, particularly with the slowdown in IPOs [3][4].