2 1 Shi Ji Jing Ji Bao Dao·2025-11-22 14:14Core Viewpoint - China Merchants Bank's subsidiary, AIC, has officially been approved to commence operations after nearly five months of preparation, marking a significant development in the financial asset investment sector [1][6]. Group 1: Company Establishment and Structure - China Merchants Bank has received formal approval from the National Financial Regulatory Administration for its wholly-owned subsidiary, China Merchants Financial Asset Investment Co., Ltd., to begin operations [1]. - The registered capital of the new AIC is 15 billion RMB, making it the highest initial registered capital among financial asset investment companies in China [6]. - The company will be located in the China Merchants Bank headquarters building in Shenzhen, with plans for the headquarters to move to a new location in the Shenzhen Bay Super Headquarters Base [1]. Group 2: Management and Personnel - The board of directors for the new AIC has been established, with key personnel including Lei Caihua as Chairman and legal representative, who is also the Vice President of China Merchants Bank [1][2]. - Other board members include senior executives from various departments of China Merchants Bank, indicating a strong internal leadership structure [2]. Group 3: Market Context and Future Plans - The establishment of AIC aligns with national policies aimed at expanding the role of financial asset investment companies in supporting technological innovation and economic development [7]. - Other banks, including Industrial Bank and CITIC Bank, have also established their AICs, indicating a growing trend among commercial banks to engage in financial asset investment [6][7]. - Analysts suggest that the benefits of AICs extend beyond direct equity investment profits, potentially enhancing overall banking revenues through increased deposits, loans, and intermediary services from technology clients [8].