Some city commercial banks hope to obtain an AIC license but have not yet been granted "approval."

In March of this year, the financial asset investment company (AIC) under Postal Savings Bank was approved to commence operations, expanding the bank-affiliated AICs to nine. Recently, during interviews, reporters learned that several local city commercial banks have actively communicated with relevant departments regarding the establishment of AICs, but no substantial progress has been made. An informed person from a related listed bank told reporters that local governments are quite enthusiastic about establishing AICs under their banking institutions, but the feedback from relevant departments is that the expansion of AICs will initially be limited to state-owned banks and joint-stock banks, “possibly requiring further observation of the operation of AICs in joint-stock banks before deciding whether to include city commercial banks.” (Cailian Press)