Industrial Bank wins approval for asset investment firm

Industrial Bank (SSE:601166) announced that it has secured regulatory approval to establish Industrial Bank Financial Asset Investment Co., Ltd. The approval was granted by the National Administration of Financial Regulation, according to document Jin Fu [2025] 284. The new entity will be a wholly-owned subsidiary of Industrial Bank, with a registered capital of CNY 10 billion. Industrial Bank aims to enhance its services for new quality productive forces by creating the asset investment firm. The focus will be on specialized and market-oriented operations related to debt-to-equity swaps, aiming to lower corporate leverage and increase support for technology and private enterprises. Industrial Bank will now proceed with preparations to formally launch the new subsidiary, after obtaining regulatory approval for its opening.