[ET Net News Agency, 16 November 2018] China Construction Bank Corporation (00939)
announced that it intends to establish a wholly-owned subsidiary, CCB Wealth Management
Co., Ltd., with a registered capital of no more than RMB15 billion. The bank will have a
shareholding ratio of 100%.
The proposed registered office is in Shenzhen, Guangdong. The investment will be funded
by the bank's own capital.
CCB Wealth Management plans to apply for the operation of the following businesses: (i)
public offering of wealth management products to the general public and investment and
management of properties entrusted by investors; (ii) private placement of wealth
management products to eligible investors and investment and management of properties
entrusted by investors; (iii) wealth management advisory and consulting services; and (iv)
other businesses approved by the banking supervisory authorities under the State Council.
(RC)
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00939 CCB
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4.870 +0.010 (+0.206%) Others
16/11/2018 17:15
CCB (00939) intends to establish wealth management unit
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