The subsidiary of China Merchants Bank refers to an independent legal entity controlled by China Merchants Bank, and its business scope and business objectives are directly or indirectly related to China Merchants Bank. In order to expand its business scope and improve its service capabilities, China Merchants Bank usually sets up subsidiaries. The subsidiary of China Merchants Bank can be an institution specializing in a specific business field, such as China Merchants Cigna Property Insurance and China Merchants Fund Management, or a financial holding company operating across industries, such as China Merchants Financial Leasing and China Merchants Securities. The subsidiary and China Merchants Bank are legally independent legal entities, but they usually maintain close cooperation and common development with China Merchants Bank.