
Breakthrough the bottleneck of technological finance development through pilot innovation
The third joint-stock bank, China Merchants Bank Financial Asset Investment Co., Ltd., has recently been approved for establishment. On July 3rd, China Merchants Bank announced that it has received approval from regulatory authorities to establish China Merchants Bank Financial Asset Investment Co., Ltd. The registered capital of the company is 15 billion yuan, and it is a wholly-owned subsidiary of China Merchants Bank. Previously, Industrial Bank and China CITIC Bank announced that their establishment of AIC has been approved. The expansion of AIC equity investment pilot programs provides an important means to break through the bottlenecks in the development of financial technology. It is worth looking forward to its increasingly prominent role in activating market vitality, optimizing capital allocation, and promoting the synergy between industry and finance
