The team of financial subsidiaries expanded again. After the regulatory approval of the opening application, on January 9, the first financial reporter learned that Shanghai Pudong Development Bank Co.Ltd(600000) financial management subsidiary Puyin financial management held an opening ceremony in Shanghai and settled in Pudong. This is the first bank financial management subsidiary opened this year.
The reporter also learned that the chairman of Puyin financial management was Liu Changjiang. It is reported that Liu Changjiang has worked in Shanghai Pudong Development Bank Co.Ltd(600000) for more than 18 years and once served as the general manager of the asset custody department and the general manager of the financial institutions Department of the head office; In addition, Cao Jiangtao and Zhan Dingguo served as general manager and chief supervisor of the company respectively.
According to the public information, the registered capital of Puyin financial management is RMB 5 billion. Based on the principle of "improving the professional ability of front office business, stabilizing the operation ability of central typhoon control and intensive back office support and guarantee ability", Puyin financial management has set up 16 departments in three sectors: Investment research, market and middle and back office.
The reporter also learned that in terms of product creation, Puyin financial management upgraded and created a new product system on the basis of Shanghai Pudong Development Bank Co.Ltd(600000) net worth products, and the three series of "Tiantian", "zhuanxin" and "pluralism" fully cover cash management products, single asset allocation products and multi asset allocation products, so as to realize the all-round layout of product term, form, risk level and investment strategy. By the end of 2021, Shanghai Pudong Development Bank Co.Ltd(600000) financial management scale had exceeded 1 trillion yuan, and net worth financial products meeting the requirements of the new asset management regulations had exceeded 960 billion yuan.
For Shanghai Pudong Development Bank Co.Ltd(600000) , the opening of Puyin financial management is an important step in its group layout. Zheng Yang, chairman of Shanghai Pudong Development Bank Co.Ltd(600000) said that as an important new member of the group, Puyin financial management will be based in Shanghai and radiate across the country, optimize capital allocation and support the development and transformation of China's economy; Relying on Shanghai's resource endowment and international status, it will build an asset management company with international vision and influence; We will practice Inclusive Finance, establish a richer and diversified financial product system, and let more customers enjoy the dividends of economic development.
It is worth mentioning that on the opening day, the people's Government of Pudong New Area also signed the comprehensive strategic cooperation agreement on jointly building a leading area for socialist modernization with Shanghai Pudong Development Bank Co.Ltd(600000) . Focusing on supporting the high-level reform and opening up of Pudong New Area and building a leading area for socialist modernization, the two sides will further deepen cooperative relations, drive the construction of Shanghai's "five centers" and free trade zone, and jointly serve Shanghai international financial center.
According to the agreement, the two sides will strengthen banking and government cooperation, including regional development, industrial upgrading, reform of state-owned assets and state-owned enterprises, talent exchange, science and innovation finance, inclusive finance, green finance and other fields. It is understood that Shanghai Pudong Development Bank Co.Ltd(600000) as one of the main cooperative banks for the overall industrial development of Pudong New Area, will provide a total of no less than 100 billion yuan of credit support to enterprises in Pudong New Area in the next five years to help regional economic and social development.
With the opening of Puyin financial management, the eighth joint-stock bank financial management subsidiary entered the site. Up to now, only Minsheng financial management, BOC financial management and Hengfeng financial management have been approved to build but not yet opened.
Just before the opening of Puyin financial management, the financial management subsidiary of Guangdong Development Bank held the unveiling ceremony in Shanghai at the end of December 2021, becoming the seventh joint-stock bank financial management subsidiary in China. As a wholly-owned subsidiary of Guangdong Development Bank, the registered capital of Guangzhou bank financial management is 5 billion yuan. It is reported that Guangzhou bank financial management will strive to become the core supplier of wealth management products for China Life Insurance Company Limited(601628) and retail customers of Guangdong Development Bank.
So far, a total of 29 bank financial subsidiaries have been approved for preparation, including 25 bank financial subsidiaries and 4 Sino foreign joint venture financial companies, of which 23 have opened financial subsidiaries, including six state-owned bank financial subsidiaries and eight national joint-stock bank financial subsidiaries. In the future, the increment of financial subsidiaries may be concentrated in urban rural commercial banks.
(source: First Finance)
