Enter the Bank of Nanjing to set up a fund company, industry sources said, this should be an important step for the City firm towards mixed operation. On the one hand, the traditional advantages of city commercial SME business and local business encroachment by large banks, on the other hand, city commercial banks is also accelerating and expanding the scale and scope of their business. The pattern of China's capital market imperfections, the financing structure is heavily dependent on indirect financing, allowing more commercial banks to set up a fund company, and is conducive to the stability and development of the banking industry itself and the securities market. Bank of Nanjing and other small and medium-sized banks have joined, in the same time to bring fresh blood for the fund industry, the commercial banks will also explore cross-industry operations of accumulated experience. Nanjing Bank has announced that the authorization the operating layer to carry out work initiated the establishment of the fund management company to seize development opportunities, to adapt to the development of financial markets, the strategic objectives of the company, the Board agreed. It is understood that the fund company set up by the Bank of Nanjing the Jianye fund management company (company name tentative), the registered capital to 200 million yuan. Which invested 160 million yuan, Bank of Nanjing, Nanjing Xingang High-Tech Co., Ltd. invested 040 million yuan. Bank of Nanjing, said the establishment of the fund companies need to be approved by the regulatory authorities, approval is not through the risk exists, Investors should be treated with caution. Nanjing Hi-Tech (600064, stock it) to participate jointly established Jianye fund companies, has also recently released the announcement of the same content. As of the end of the third quarter of last year, the total assets of the Bank of Nanjing reached 332.59 billion yuan, deposit and loan balances were $ 209.374 billion yuan and 12 1.937 billion yuan, an increase of 25.81% and 18.61%, respectively, compared with the beginning of the year. The banking industry believes that, after the establishment of the fund company, Bank of Nanjing able to enhance the wealth management business to meet customers 'financial needs, and it will help attract more clients' funds but also to enhance the bank intermediary business revenue. It is worth noting that the Bank of Nanjing and stable development in recent years, it is clear the foreign shareholders of the bank BNP Paribas recognized.