Reported 12 months ago
National Treasury Garden Group's third son, Cai Zhenyu, expressing interest in buying Jingcheng Bank (2809) and Antai Bank (2849) at once and initiating a merger has caused a stir in the financial industry. When asked at the Finance Committee today if this violates the policy of separating financial and industrial capital, Legislator Wang Hongwei stated that it's premature to discuss it. FSC Chairman Peng Jinlong responded by emphasizing the need to wait for formal documents to determine the content, pointing out that the source of funds needs to be disclosed by qualified major shareholders. At present, the FSC has not received any applications regarding this matter.
Source: YAHOO