Minsheng Bank Wealth Management Subsidon is allowed to open

On June 16, Minsheng Bank issued an announcement that recently received the approval of the China Banking Regulatory Commission on the opening of the Minsheng Wealth Management Co., Ltd., and the bank's wholly -owned subsidiary of Minsheng Wealth Management Co., Ltd. (referred to as "Minsheng Finance") was allowed to open.

According to the announcement, the registered capital of people's livelihood wealth management is RMB 5 billion, and the registered place is Beijing. It is mainly engaged in the issuance of public -funded wealth management products, issuing private financial products, wealth management consultants, and consulting related businesses. In the next step, the company will strictly fulfill the relevant procedures in accordance with the relevant requirements of laws and regulations to promote the opening of the people's livelihood management as soon as possible.

It is understood that people's livelihood wealth management started in 2002 "Financial Studio" established by China Minsheng Bank, taking the lead in exploring the road of bank financial management. In recent years, Minsheng Bank has always adhered to the service concept of "customer first", continuously enriched the wealth management product system, and enhanced the refined management capabilities of wealth management business. As of the end of 2021, the scale of Minsheng Bank's wealth management products exceeded 1 trillion yuan, reaching 1012.833 billion yuan. Among them, the scale of net worth products was 982.389 billion yuan, accounting for 96.99%, ranking among the top in joint -stock banks.

The relevant person in charge of Minsheng Bank said that Minsheng Management will adhere to the fundamental purpose of serving the real economy and solidly serve national strategies such as scientific and technological innovation and green development. At the same time, adhere to the business origin of "trusting and financial management", give full play to professional advantages, and is committed to creating long -term stable financial returns for the people, helping to achieve common prosperity.

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