trending Market Intelligence /marketintelligence/en/news-insights/trending/9KjhqyNtHR74srEfgAOe7Q2 content esgSubNav
In This List

Bank of Communications' investment unit gets regulatory nod to begin ops

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Bank of Communications' investment unit gets regulatory nod to begin ops

Bank of Communications Co. Ltd. received regulatory approval to begin operations of BOCOM Financial Asset Investment Co. Ltd.

The wholly owned subsidiary has a registered capital of 10 billion Chinese yuan and will mainly engage in debt-to-equity swaps and other supporting businesses. It received approval from the China Banking Regulatory Commission, according to a Dec. 28 release.

As of Dec. 28, US$1 was equivalent to 6.53 Chinese yuan.