AiBank may introduce strategic investors for sustainable growth

AiBank, China's first direct bank operating as an independent legal entity, will introduce strategic investors at a suitable time, according to a top executive.

"Depending on the needs for business development, aiBank will push ahead with the introduction of strategic investors at an opportune time to support its healthy and sustainable development," said Li Rudong, president of the bank, at a news conference on Thursday, without giving more details.

As a commercial lender without a branch network, offering its services remotely via online banking, aiBank is experimenting with a transition of the banking industry by exploring mechanisms to deepen cooperation between commercial banks and internet companies.