On September 4th, the Ningbo Financial Regulatory Bureau issued an official approval permitting China Minsheng Banking Corp., Ltd. to acquire Cixi Minsheng Village Bank, including the assumption of its assets, liabilities, business operations, and staff.
As part of this transaction, the banking group will establish two new sub-branches: China Minsheng Banking Corp., Ltd. Ningbo Cixi Gutang Sub-branch and China Minsheng Banking Corp., Ltd. Ningbo Cixi Zhouxiang Sub-branch.
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