First joint-stock bank AIC's establishment is entering its final stage, and Xingyin Investment Company hopes to soon settle in Fuzhou.

Multiple sources recently confirmed to reporters that the first joint-stock commercial bank AIC, Xingyin Financial Asset Investment Co., Ltd., approved in May, is nearing the end of its preparation and is expected to apply for operation soon. One source stated that the leadership team of Xingyin Investment Co. has been mostly determined, with the chairman being a branch president of Xingye Bank, and the heads of various departments under the company also selected. The registration location was carefully selected and will eventually be established in Fuzhou, where the headquarters of Xingye Bank is located.