China Merchants Bank asset investment arm gets regulatory approval

China Merchants Bank Co., Ltd. has announced that its wholly-owned subsidiary, China Merchants Bank Financial Asset Investment Co., Ltd., has received approval from the National Financial Regulatory Administration to commence business. This clears the path for the new entity to proceed with industrial and commercial registration and obtain its business license.

The newly established China Merchants Bank Financial Asset Investment Co., Ltd. has a registered capital of RMB15.0 bn. Its strategic objectives include enhancing synergies between industry and finance, conducting market-based debt-to-equity swaps to support the real economy, and engaging in pilot equity investment operations.

The subsidiary is also tasked with empowering technological innovation to bolster the company's comprehensive operational capabilities and drive high-quality development.