Vice President of Industrial Bank, Zeng Xiaoyang: The establishment of AIC is not just a simple license addition.

(Source: Beijing Business Today)

Beijing Business Today reported (Reporter Song Yitong) On March 27, Industrial Bank held its 2025 annual performance briefing. The bank’s deputy governor, Zeng Xiaoyang, said that when serving technology companies—especially small and early-stage tech startups—beyond providing loan support, it is also necessary to help these companies find compliant sources of capital. The establishment of an Asset Investment Company (AIC) meets this need to a certain extent.

On November 16, 2025, Xingyin Financial Asset Investment Co., Ltd. was unveiled in Fuzhou and held a signing ceremony, marking the formal establishment of China’s first joint-stock bank AIC.

Zeng Xiaoyang said that banks can use AICs to carry out businesses such as debt-to-equity swaps and equity investments, becoming growth partners with small and mid-sized technology enterprises, and provide various forms of resource assurance for companies by leveraging the Group’s advantages. Banks can also better balance risk and returns through the linkage between debt and equity.

Zeng Xiaoyang said that after the establishment of the AIC, Industrial Bank will fully leverage the advantages of the Group and various licenses such as the AIC, strengthen coordinated and linked efforts, and focus on three areas. Specifically, it will deepen the “research, business, and risk” integrated research empowerment mechanism to help Industrial Bank more precisely identify target customers with growth potential; build a well-functioning ecosystem service circle by integrating various resources inside and outside the organization, linking government departments, universities, research institutes, industrial parks, industry associations, investment institutions, as well as law firms and accounting firms and other entities, to form an ecosystem partner system; and build and continuously optimize a product and service system that combines equity, debt, and loans, opening up financial service channels that integrate the coordinated development of direct financing and indirect financing, to better support technology enterprises in growing and expanding.

Zeng Xiaoyang said, “The establishment of the AIC is not only a simple addition of licenses, but also a key variable in our efforts to achieve high-quality development of technology-focused finance.”

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