CITIC Bank (00998.HK) plans to invest 10 billion yuan to establish a wholly-owned subsidiary Xinyin Jintou.

Intelligent Financial News APP, CITIC Bank (00998.HK) announced that, in order to closely follow the national policy orientation, write a great article on "fintech", continue to increase support for science and technology innovation enterprises and private economy, the bank plans to invest 1 billion RMB from its own funds to establish a wholly-owned subsidiary, CITIC Financial Assets Investment Co., Ltd. (tentative name, subject to approval by relevant regulatory agencies and market supervision departments).