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Bank of Shanghai

Bank of Shanghai
Leadership team

Mr. Yu Jin (Exec. Chairman)

Mr. Jian Zhu (Pres & Vice Chairman)

Mr. Hongmin Shi (VP, CFO & Exec. Director)

Products/ Services
Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Shanghai, Shanghai, China
Established
1974
Net Income
1B - 20B
Revenue
Above - 1B
Overview
Location
Summary
Bank of Shanghai Co., Ltd. provides various personal and corporate banking products and services primarily in Mainland China. It operates through Wholesale Financial Business, Retail Financial Business, and Other Business segments. It offers public deposits; short-term, medium-term, and long-term loans; domestic and overseas settlement; notes acceptance and discount; government bonds and financial bonds trading; placements with banks and other financial institutions; fund raising and distribution, and asset management; bank card services; and letter of credit and guarantee services, as well as act as an agent of foreign exchange trading. The company is also involved in issuing financial bonds, and agency service of government bonds and underwriters, as well as agency receipts and payments, and insurance businesses. In addition, it provides safe-deposit boxes, credit investigation, and query and attestation services. Further, the company offers investment banking, asset custody, interbank borrowing, repurchase transactions, equity investment, wealth management, remittance services, securities agency, and pension finance services. The company was formerly known as Shanghai City United Bank Ltd. and changed its name to Bank of Shanghai Co., Ltd. in July 1998. Bank of Shanghai Co., Ltd. was founded in 1995 and is headquartered in Shanghai, China.
History

The Bank of Shanghai was founded on December 29, 1995, as the Shanghai City Cooperative Bank, by the merger of 98 City Cooperative Credit Unions of Shanghai, together with the Joint Union of the Shanghai City Cooperative Credit Unions. The company resolved to change its name to the "Bank of Shanghai" in 1998, and regulatory registration of the new name was completed in 2000. Headquartered in Shanghai, China, it is a listed company on the main board of the Shanghai Stock Exchange with stock code 601229. In September 1999 and December 2001, Bank of Shanghai received equity investments from International Finance Corporation of the World Bank Group, The Hong Kong and Shanghai Banking Corporation and The Shanghai Commercial Bank of Hong Kong. Prior to 1949, Shanghai was the main branch of HSBC, but its operations in mainland China had significantly scaled down in the 1950s. The Shanghai Commercial Bank was also based in Shanghai before the establishment of the People's Republic of China in 1949, but its mainland operations were nationalized in 1950.

On 11 December 2013, HSBC Hong Kong sold their 8.0% stake of the Bank of Shanghai to Spanish multinational banking group Banco Santander for an undisclosed fee , which HSBC HK listed the stake as an available-for-sale asset with a fair value of HK$3.629 billion in the balance sheet at 30 September 2013. It was HSBC's successive disinvestment in the mainland China after selling Ping An Insurance in December 2012.

In 2016, the Bank of Shanghai applied the clearance for IPO. Since June 2017, it was part of Shanghai Stock Exchange's blue chip index: SSE 50 Index.

Mission
Bank of Shanghai sets out to provide comprehensive financial services to meet the needs of its customers, and to make a constructive contribution to the national financial system and the development of local economies.
Vision
Bank of Shanghai strives to become a top-tier player in the banking industry in China, providing innovative, customized and high quality financial services with the highest ethical and professional standards.
Key Team

Mr. Debin Hu (VP & Chief Information Officer)

Mr. Will Fenj (IR Officer)

Ms. Xiaohong Li (Board Sec.)

Ning Zhou (Head of the Planning & Fin. Department)

Recognition and Awards
Bank of Shanghai has been named the “Most Innovative Bank” in China for four consecutive years and In 2019, was ranked 24th in the Global 2000 list of the world’s largest companies as compiled by Forbes.
References

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Bank of Shanghai
Leadership team

Mr. Yu Jin (Exec. Chairman)

Mr. Jian Zhu (Pres & Vice Chairman)

Mr. Hongmin Shi (VP, CFO & Exec. Director)

Products/ Services
Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Shanghai, Shanghai, China
Established
1974
Net Income
1B - 20B
Revenue
Above - 1B