Patient Capital Worth Hundreds of Billions Speeds Up Market Entry, as Bank-Affiliated AICs Grow to Nine
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Author:小编   

The Postal Savings Bank of China has recently made public that its subsidiary, China Post Financial Asset Investment Co., Ltd. (hereafter referred to as "China Post Investment"), has obtained the green light to start operations, boasting a registered capital of 10 billion yuan. On its inaugural day, this newly established financial asset investment company (AIC) inked cooperation pacts with 14 entities operating in sectors like integrated circuits, clean energy, and advanced manufacturing, promptly stepping into the sphere of technological innovation. With this addition, AICs associated with the six major state-owned banks have all been set up, bringing the total count of bank-affiliated AICs to nine, with an aggregate registered capital of 148.5 billion yuan. Since the initiation of the first pilot programs in 2017, patient capital amounting to hundreds of billions has been expediting its influx into cutting-edge technology and new high-quality productive forces, with bank-affiliated equity investment entities reshaping the contours of the technology financial services landscape.