April 19, 2018 / 8:33 AM / a month ago

BRIEF-Hua Xia Bank To Set Up Asset Management Unit

April 19 (Reuters) - Hua Xia Bank Co Ltd:

* SAYS IT PLANS TO SET UP ASSET MANAGEMENT UNIT WITH REGISTERED CAPITAL OF UP TO 5.0 BILLION YUAN ($796.42 million)

* SAYS IT PLANS TO DIRECT BANK UNIT WITH REGISTERED CAPITAL OF UP TO 3.0 BILLION YUAN Source text in Chinese: bit.ly/2qKCOde; bit.ly/2vsmxhN Further company coverage: ($1 = 6.2781 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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