2 1 Shi Ji Jing Ji Bao Dao·2025-11-28 01:08Core Points - The establishment of Xinyin Financial Asset Investment Co., Ltd. has been officially announced, with the company being a wholly-owned subsidiary of CITIC Bank [2][3] - The company was registered on November 26, 2025, with a registered capital of 10 billion yuan, located in Tianhe District, Guangzhou [1][2] - Jiang Dongming, who has a long tenure at CITIC Bank, is the legal representative of the new company [2][3] Company Information - Jiang Dongming has held various positions within CITIC Bank, including Deputy General Manager of the Shenzhen Branch and President of the Guiyang Branch since 2021 [2][3] - As of the report date, Jiang Dongming still holds the position of President at the Guiyang Branch [2] - CITIC Bank's announcement on November 23 confirmed that Xinyin Financial Asset Investment Co., Ltd. has been approved to commence operations, making it the second AIC (Asset Investment Company) among joint-stock banks in China [2][3] Industry Context - There are currently nine approved AICs in China, which include six state-owned banks (Agricultural Bank, Industrial and Commercial Bank, China Construction Bank, Bank of China, China Postal Savings Bank, and China Everbright Bank) and three joint-stock banks (CITIC Bank, Industrial Bank, and China Merchants Bank) [2][3]