BEIJING, May 2 (Xinhua) -- China's Huishang Bank, a city commercial bank, has announced the opening of its wealth management subsidiary -- Huishang Bank Wealth Management Co.
It is the third bank allowed to open such a subsidiary after Bank of Hangzhou and Bank of Ningbo.
The new subsidiary is registered in Hefei, provincial capital of Anhui Province.
The wealth management subsidiaries of 12 banks have started operations.
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