China Merchants Bank Gets Regulatory Approval to Launch Financial Asset Investment Subsidiary

Reuters11-21
<a href="https://laohu8.com/S/CIHHF">China Merchants</a> Bank Gets Regulatory Approval to Launch Financial Asset Investment Subsidiary

China Merchants Bank Co. Ltd. has announced that it has received regulatory approval from the National Financial Regulatory Administration for the commencement of business of its wholly-owned subsidiary, China Merchants Bank Financial Asset Investment Co., Ltd. The new entity, with a registered capital of RMB 15 billion, will focus on market-based debt-to-equity swaps and equity investment operations to enhance industry-finance synergies and support technological innovation. The bank will proceed with industrial and commercial registration and obtain a business license in accordance with relevant regulations. No other organizations were named as recipients of this approval.

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