China Merchants Bank (03968): China Merchants Financial Assets Investment Approved to Start Business

China Merchants Bank (03968) announced that the company has received the approval from the China Banking and Insurance Regulatory Commission for the establishment of Zhaoyin Financial Assets Investment Limited (Approval No. JinFu [2025]667). According to the approval, Zhaoyin Financial Assets Investment Limited, which the company is establishing, has been granted permission to operate. The company will proceed to the market supervision administration department to complete the business registration procedures, obtain the corporate business license, and after all preparations are in place, open Zhaoyin Financial Assets Investment Limited in accordance with relevant regulations. Zhaoyin Financial Assets Investment Limited has a registered capital of RMB 15 billion and is a wholly-owned subsidiary of the company. With the establishment of Zhaoyin Financial Assets Investment Limited, the company will specialize in market-oriented debt-to-equity conversion business, deepen the integration of production and finance, and provide services to the real economy. At the same time, it will actively engage in equity investment pilot business, empower technological innovation, further enhance the company's comprehensive operational capabilities, and promote high-quality development comprehensively.