Industry News | Beijing Bank Wealth Management Co., Ltd., the largest financial subsidiary of a city commercial bank in China, was approved to open its business

On November 4, Bank of Beijing issued an announcement that it had recently received the approval of the Beijing Regulatory Bureau of the China Banking and Insurance Regulatory Commission that its wholly-owned subsidiary, Beijing Bank Wealth Management Co., Ltd. (hereinafter referred to as "Beijing Bank Wealth Management") was approved to open for business, marking an important step in the transformation of Bank of Beijing's wealth management business into a market-oriented, professional, diversified and characteristic asset management company, and further accelerating the strategic transformation of Bank of Beijing's big retail and light capital. In the next step, Bank of Beijing will strictly implement relevant procedures in accordance with relevant laws and regulations to promote the opening and operation of Beijing Bank Wealth Management as soon as possible.