Indirect financing is shifting towards a linkage between stocks and bonds, with AICs under the six major state-owned banks being fully equipped.

On the evening of July 16th, Postal Savings Bank of China issued an announcement stating that it plans to contribute 10 billion yuan to establish China Post Financial Asset Investment Co., Ltd. This means that the AICs under the six state-owned banks will be "fully equipped". Since March of this year, the China Banking and Insurance Regulatory Commission issued a notice on further expanding the pilot of equity investment in financial asset investment companies, supporting qualified commercial banks to establish AICs. Industrial and Commercial Bank of China, CITIC Bank, and Industrial Bank have been approved to establish AICs. Industry insiders believe that the participation of bank-owned AICs in equity investment can make use of the parent company's customer resources, operational network resources, cross-border resources, and risk control resources., complementing the expertise of equity investment.