Release Date: 2013-04-24
On March 15th, 2013, the establishment ceremony of BOB-BNS Assets Management Co., Ltd was held. The Company was jointly funded by Bank of Beijing, Bank of Nova Scotia, and Beijing General Research Institute of Nonferrous Metals. The registration capital is 300,000,000 Yuan. This marks the first approval after 5 years, which allow a domestic commercial bank to set up an assets management company. Following setting up a consumer finance company and an insurance company Bank of Beijing, as one of the third batch of banks, takes the lead again to be approved to establish an assets management company.
The establishment of an assets company will benefit to broaden Bank of Beijing's channel of the residents' savings deposit flows into the capital market as a way to indirectly participate in capital market, and thus more effectively satisfy the customers' requirement of the all-in-one financing management. Meanwhile, the establishment of the fund can promote the business diversification and income diversification of Bank of Beijing, enhancing the mixed-business operation and risk management capability, and achieving the transformation from a traditional bank to a modern bank.
distributed by
 |