State-owned six major banks AIC all landed, banking group expanded to nine.

China Post Financial Asset Investment Co., Ltd., a subsidiary of Postal Savings Bank of China, officially received approval to open on March 20, marking the completion of the establishment of the sixth state-owned financial asset investment company. The six major state-owned banks have all obtained the AIC license. In addition to Industrial Bank, China Merchants Bank and CITIC Bank, three joint-stock banks, the total number of bank-based AICs will increase to nine by the end of 2025, including six major state-owned banks and three joint-stock banks.