China Merchants Bank invests RMB15bn in new investment company

China Merchants Bank Co., Ltd. announced its plan to invest RMB15.0 billion to establish a wholly-owned financial asset investment company. The decision was approved by the Board of Directors and will not require a general meeting approval, but remains subject to review and approval by relevant regulatory authorities. The new company will be a tier-one subsidiary with its business scope subject to regulatory approval. The bank stated that this investment aligns with its business development strategy, enhances its operating licenses, and improves integrated operations, with no anticipated significant impact on the bank's financial position or results.