It took two months from official announcement to approval, and China Merchants Bank AIC was officially named. On the evening of July 3, China Merchants Bank announced that it was approved to set up China Merchants Financial Asset Investment Co., Ltd. (hereinafter referred to as China Merchants AIC). After the preparatory work is completed, it will apply to the regulatory authorities for opening in accordance with relevant regulations and procedures. Reporters learned that China Merchants Bank will draw some personnel from the bank to form a new team for China Merchants AIC, mainly from its subsidiary China Merchants International. At the same time, several head office departments such as the Asset and Liability Department, Strategic Customer Department, and Investment Banking Department will also participate in the preparation. China Merchants Bank stated in the announcement that the establishment of AIC will help carry out market-oriented debt-to-equity swaps and equity investment pilot businesses. With the recent approval of the establishment of Industrial Bank, CITIC Bank, and China Merchants Bank AIC, the bank AIC has officially expanded to 8. Analysts pointed out that AIC is conducive to reaching more customers and improving the profitability of banks, but it will also bring multiple challenges such as capital consumption and risk control.