Group 1 - Postal Savings Bank of China (601658.SH) has received approval from the National Financial Supervision Administration to establish China Post Financial Asset Investment Co., Ltd. (tentative name), marking a significant step in the bank's comprehensive operational strategy [1] - The registered capital of China Post Investment will be RMB 10 billion, and it will operate as a wholly-owned first-level subsidiary of Postal Savings Bank [1] - The establishment of China Post Investment is aimed at enhancing the bank's comprehensive service capabilities and supporting technological innovation and private enterprises through market-oriented debt-to-equity swaps and equity investment pilot projects [1] Group 2 - The approval of Postal Savings Bank's AIC expands the national commercial banks' AIC lineup to nine, following the initial five major state-owned banks that were approved in 2017 [2] - The AIC pilot program has seen significant expansion, with the investment scope extending from Shanghai to 18 cities, including Beijing and Tianjin, as of September 2024 [2] - The total asset scale of the five major AICs is projected to reach RMB 602.7 billion by the end of 2024, potentially increasing equity investment by approximately RMB 36 billion and leveraging social funds by around RMB 180 billion [2] Group 3 - The expansion of AIC licenses from state-owned banks to joint-stock banks indicates a growing interest among various financial institutions in establishing AICs, which can leverage parent banks' corporate client networks to discover projects and provide stable support for technology innovation enterprises [3] - Commercial banks can offer integrated financial services such as "equity-loan linkage," contributing to a more sustainable risk-return balance [3]