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China Zheshang Bank

#1629

Rank

$10.38B

Marketcap

CN China

Country

China Zheshang Bank
Leadership team

Mr. Rongsen Zhang (Acting Chairman & Pres)

Mr. Feng Jing (CFO & VP)

Mr. Rong Jiang (Chief Audit Officer)

Products/ Services
Banking, Financial Services, Venture Capital
Number of Employees
1,000 - 20,000
Headquarters
Hangzhou, Zhejiang, China
Established
2004
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
2016.HK
Overview
Location
Summary
China Zheshang Bank Co., Ltd. provides various commercial banking products and services in Mainland China. It operates through Corporate Banking, Retail Banking, and Treasury Operations segments. The Corporate Banking segment offers a range of financial products and services for corporations, government agencies, and other institutions. Its products and services include corporate loans and advances, trade financing services, deposit products and various types of corporate intermediary services, etc. The Retail Banking segment provides personal loans and advances, deposit products, cards business and various types of personal intermediary services, etc. for individual customers. The Treasury Operations segment offers money market and repurchase transactions, debt instruments investments, financial derivatives business for proprietary trading or on behalf of customers, and financial products and services, as well as issues debt securities. As of June 30, 2022, the company had 298 branches in 22 provinces and Hong Kong in China. China Zheshang Bank Co., Ltd. was incorporated in 1993 and is based in Hangzhou, China.
History

China Zheshang Bank trances its roots from Zhejiang Commercial Bank that was formed in 1993 in Ningbo, Zhejiang Province of China. The Zhejiang Commercial Bank was a Sino-foreign bank jointly owned by Bank of China, Hong Kong Nanyang Commercial Bank, Bank of Communications, and the Zhejiang International Trust and Investment Co.On June 30, 2004, the China Banking Regulatory Commission approved the restructuring, renaming and relocation of Zhejiang Commercial Bank and on August 18, 2004, China Zheshang Bank was officially opened as a new bank in Hangzhou.Once launched, the bank structured its overall business strategy in two five-year phases:

Phases 1 - 2004 to 2008 - The main focus was the Zhejiang province market.

Phases 2 - 2009 to 2013 - To focus on the developed regions of China.As of December 2014, China Zheshang Bank a registered capital base of CN¥ 11.5 billion, total assets of CN¥ 6,700 billion, CN¥ 360 billion in customer deposits and CN¥ 260 billion in issued loans.In September 2015, CZB announced plans to raise around US$1 billion through an IPO and listing on the Hong Kong Stock Exchange. The listing details were yet to be announced as at the end of October 2015.

Mission
To commit to offering customers with high quality financial services and assist in building a harmonious society.
Vision
To be a trustworthy and responsible banking partner and provide satisfactory services that contribute to the development and prosperity of the society.
Key Team

Mr. Haiqiang Chen (Chief Risk Officer, Exec. Director & VP)

Ms. Hong Ma (Exec. Director)

Mr. Shizheng Song (GM of Financial Technology Department & Chief Information Officer)

Mr. Long Liu (VP, Head of Board Directors Office, Sec. to the Board & Company Sec.)

Recognition and Awards
China Zheshang Bank has been honored with many awards and recognitions for its efficient services and outstanding customer satisfaction. In 2017, the bank was awarded the Most Innovative Bank of the Year by the Banker Middle East Magazine. In the same year, the bank was also awarded the Best Mobile Banking Platform Award by the Asia Pacific Banking League.
References
China Zheshang Bank
Leadership team

Mr. Rongsen Zhang (Acting Chairman & Pres)

Mr. Feng Jing (CFO & VP)

Mr. Rong Jiang (Chief Audit Officer)

Products/ Services
Banking, Financial Services, Venture Capital
Number of Employees
1,000 - 20,000
Headquarters
Hangzhou, Zhejiang, China
Established
2004
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
2016.HK