Bank of Nanjing told markets after close on Thursday it would set up a wholly owned independent asset management subsidiary with RMB 2 billion of capital. The bank is the eighth out of the 27 qualified mainland lenders to jump on the asset management subsidiary train since the March earnings season. Nanjing’s new entity will take over the bank’s RMB…
Bank of Nanjing joins banking industry AM subsidiaries wave
8 June 2018

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