China Merchants Bank gains approval for asset investment arm

China Merchants Bank (SSE:600036) announced it has received approval from the National Administration of Financial Regulation to establish China Merchants Bank Financial Asset Investment Co., Ltd., a wholly-owned subsidiary with a registered capital of CNY 15 billion. This initiative aligns with national strategies to actively participate in major national development initiatives and facilitates the bank's entry into market-oriented debt-to-equity swaps and equity investment pilot programs. This is expected to enhance the bank’s comprehensive service capabilities and promote high-quality development by offering diversified financing support to enterprises.