Core Insights - Industrial Bank has become the first joint-stock bank approved to establish a financial asset investment company, breaking the dominance of the five major state-owned banks in the AIC market since 2017 [1] - This development signifies a substantial expansion in the financial asset investment sector [1] - The National Financial Regulatory Administration has approved the establishment of Xingyin AIC by Industrial Bank, requiring the completion of the setup within six months [1] - Industry insiders suggest that more joint-stock commercial banks will be approved for financial asset investment companies in the future, further promoting financial services to the real economy [1]