After the new bank custody regulations, the first licensed specialized center opens.

Eight months after receiving approval for preparation, on October 16, the Beijing Financial Regulatory Bureau approved the opening of China Guangfa Bank's asset custody center. The asset custody center thus became the first licensed institution approved and opened to exclusively operate custody business as an independent entity after the Measures for the Supervision and Administration of Commercial Bank Custody Business took effect on February 1 this year. According to the reporter's understanding, China Guangfa Bank had previously established its asset custody department as a first-tier department. The bank positioned custody business as an important business segment relatively early and fully leveraged the resources of its shareholder China Life, making continuous investments in system development and collaborative custody. Upon reviewing the bank's 2025 annual report, some wording revealed the operating performance of the bank's custody business: as of the end of 2025, China Guangfa Bank's asset custody and operational outsourcing business scale reached 4.33 trillion yuan. In 2025, the bank's public and private fund custody scale exceeded one trillion yuan, generating custody business fee income of 586 million yuan.