Title: Suxin Fund Approved to Open, Expands Banking Public Offering to 15 Institutions
After 8 years, another bank-related public offering has been approved to open! Suxin Fund announced on April 22 that they had obtained a license and would officially launch public offering business. This approval expands the number of domestic banks in the public offering to 15.
Suxin Fund, approved in November 2022 with a registered capital of 150 million yuan, is a Sino-foreign joint venture banking public fund company. The major shareholders include Bank of Suzhou, CapitaLand Fund, and Suzhou Park Economic Development Company. Suzhou Bank, the largest shareholder, is ranked 264th among the top 1000 global banks and has stated full support for Suxin Fund’s development.
After a year and five months of approval, Suxin Fund finally obtained the “Securities and Futures Business License” on April 22 and will launch public offering business soon. Lu Kai, the former president of Guohai Securities, has been appointed as the general manager to lead the company.
Suxin Fund aims to provide high-quality financial services and develop competitive products in various categories. It is also looking to explore the public offering REITs business in the future. The approval of Suxin Fund marks the expansion of banking public funds in China, with now 15 institutions offering public funds.
With the addition of Suxin Fund, banking fund companies will have more channels and advantages to obtain liquidity, enriching wealth product offerings and breaking through scale restrictions. Investors are advised to stay informed with the Securities Times for accurate information and insights on market trends and policy information.