CITIC Bank (601998.SH) plans to set up a financial asset investment company with a capital of 10 billion yuan.

Zhitong Finance APP News, China CITIC Bank (601998.SH) announced that the company plans to invest 10 billion RMB to establish a wholly-owned subsidiary, CITIC Financial Asset Investment Co., Ltd. (tentative name, to be determined based on the name approved by the relevant regulatory authorities and market supervision department, abbreviated as "CITIC Jin Tou").