Greater China Banks Daily "Regional banks pursue WM subsidiary licenses;..."

Research evidence excerpt

Greater China Banks Daily "Regional banks pursue WM subsidiary licenses;..."

Global Research

26 May 2026ab

Greater China Banks Daily Equities

ChinaRegional banks pursue WM subsidiary licenses;

China issued first batch of 2026 special treasury Banks

bonds designated for SOE bank recapitalization MayAnalystYan

may.yan@ubs.com

+852-2971 7157

Regional banks actively pursue WM subsidiary licenses Alex Ye

Analyst

21jingji, May 22: Small-and-medium-sized banks, particularly city commercial banks and S1460522090005

rural commercial banks, are actively seeking breakthroughs in wealth management alex.ye@ubs.com

(WM) business. As reported by 21jingji, rural commercial banks in Jiangsu and Zhejiang +86 755 2215 8858

provinces are applying WM subsidiary licenses under the newly formed provincial-level

Catherine Yang, CFA

"united rural commercial banks" to meet regulatory requirements, including a minimum Analyst

registered capital of Rmb1bn and three years of continuous operation by dedicated WM S1460526010003

departments. Leading rural commercial banks are also pursuing individual applications, catherine-za.yang@ubs.com

with Shanghai Rural Commercial Bank advancing its subsidiary setup plans, as disclosed +86-755-2215 8860

by its president during the April 2025 earnings call. While joint applications by regional Helen Li, CFA

banks aim to consolidate resources and share costs, challenges such as differing Analyst

investment philosophies and risk control standards have slowed progress. helen-za.li@ubs.com

+852-2971 6066

China issued first batch of 2026 special treasury bonds designated for SOE bank

recapitalization

Economic Daily, May 22: On May 22, in line with the issuance schedule outlined by the