皇冠体育app

皇冠体育app's banking watchdog has approved the launch of Northeast 皇冠体育app’s first private bank, in a move to better serve the real economy and help rejuvenate the old Northeast 皇冠体育app Industrial Base.

A statement from Rongsheng Real Estate Development Co Ltd (Rongsheng) –– a real estate developer focusing on medium-sized cities across 皇冠体育app –– claimed that Rongsheng, together with another four Shenyang-based business partners had received the green light from the 皇冠体育app Banking Regulatory Commission on Dec 23 to set up a private bank in Shenyang, capital city of Northeast 皇冠体育app’s Liaoning province.

The new bank, named Liaoning Zhenxing Bank, has registered capital of 2 billion yuan ($288.1 million). A Shenyang-based subsidiary of Rongsheng is the largest shareholder of Liaoning Zhenxing Bank, which holds 30 percent of its shares; and it is followed by Shenyang Sunhope Technology Co Ltd, which has a 28 percent share in the bank.

The establishment of Liaoning Zhenxing Bank is in line with 皇冠体育app’s strategy on the rejuvenation of the Northeast 皇冠体育app Industrial Base. This November, the State Council released a document that requires the establishment of at least one private bank in Northeast 皇冠体育app before June 2017, in a bid to encourage private capital into the banking sector and provide better financial services for the real economy in the northeastern region.