BEIJING, June 4 (Xinhua) -- China Everbright Bank (CEB) announced on June 2 that it plans to invest no more than five billion yuan to set up an asset management subsidiary.
The relevant matters need to be submitted to general meeting of stockholders for deliberation. CEB is likely to introduce strategic investors based on business demand and the permission of regulators.
According to the announcement, the move is aimed at meeting the requirement of regulators and ensuring the healthy development of asset management business. (Edited by Jiang Feifan, Zhang Yuan, zhangyuan11@xinhua.org)
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