According to the 21st Century Business Herald, on May 7, Industrial Bank became the first joint-stock bank approved to set up a financial asset investment company, breaking the AIC market pattern dominated by the five major state-owned banks since 2017. This marks a substantial expansion in the field of financial asset investment. The State Financial Supervision and Administration Bureau has approved Industrial Bank to set up the Industrial Bank AIC and requires it to complete the preparatory work within 6 months. Industry insiders revealed that in the future, more joint-stock commercial banks' financial asset investment companies will be approved, further promoting financial services to the real economy.