Release Date: 2013-04-22

On March 15th, 2013, the establishment ceremony of Sino-Canada Fund Management Co., Ltd was held, which was jointly funded by Bank of Beijing, Bank of Nova Scotia, and Beijing General Research Institute of Nonferrous Metals. The registration capital is 300,000,000 Yuan in RMB. This marks another approval of a fund management company that is managed by a domestic business bank in China after five years. After leading in setting up a consumption financing company and an insurance company in the bank industry, Bank of Beijing successfully won the first chance again, becoming the first bank that was approved to establish a fund company among the 3rd batch of business banks that are qualified to establish a fund company.

Bank of Beijing set up the fund company to help broaden the channel of the residents' savings inflows to the capital market and more effectively satisfy the customers' requirement of the all-in-one financing management by making the residents participate in the capital market indirectly. Meanwhile, the establishment of the fund is in favor of promoting the business diversification and income diversification of Bank of Beijing, enhancing the comprehensive operation and risk management capability, and achieving the transformation from a traditional bank to a modern bank.

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