Nan Fang Du Shi Bao·2025-11-23 13:26Group 1 - CITIC Bank's wholly-owned subsidiary, CITIC AIC, has received approval from the National Financial Supervision Administration to commence operations, becoming the second joint-stock bank AIC approved in China after Industrial Bank's AIC [2] - CITIC AIC is headquartered in Guangzhou, Guangdong Province, with a registered capital of RMB 10 billion [2] - The establishment of CITIC AIC is part of a broader initiative to support qualified commercial banks in setting up financial asset investment companies, enhancing the investment capabilities in strategic emerging industries [2][3] Group 2 - CITIC AIC will focus on market-oriented debt-to-equity swaps and equity investment in strategic emerging industries and "specialized, refined, distinctive, and innovative" sectors, aiming to support tech enterprises and the private economy [3] - The financial sector is a key pillar of the Tianhe District's economy, with a projected value added of RMB 156.08 billion in 2024, accounting for approximately 51.2% of the city's total [3] - The approval of CITIC AIC marks a significant breakthrough for Tianhe District in attracting licensed financial institutions and reflects CITIC's recognition of the innovation and industrial foundation in the Guangdong-Hong Kong-Macao Greater Bay Area [3]