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Bank of Shanghai Overview
Founded on December 29th 1995, Bank of Shanghai Co., Ltd. (hereinafter referred to as Bank of Shanghai), headquartered in Shanghai, is a company listed on the main board of the Shanghai Stock Exchange, with the stock code 601229.
With the strategic vision of providing boutique banking service and the core values of utmost sincerity and good faith, Bank of Shanghai has specialized its operations and customized its management, to deliver a higher level of services in inclusive, supply chain, sci-tech, welfare-based investment, transactions, and cross-border banking as well as consumer, pension-based, and online finance. Over the past few years, Bank of Shanghai has taken advantage of financial and high-tech trends to deliver more intelligent and professional services to meet the demands of corporate and individual clients for increasingly diverse financial services.
In aligning its development with China’s national strategy and Shanghai’s “three major tasks and one major platform”, Bank of Shanghai has been capitalizing on synergy to deliver better regional services, provide better financial services to the real economy by offering more small-and micro-credit, and develop an online model of inclusive finance to establish a financial system with its “BoS E Link” system at the core. Bank of Shanghai also puts retail banking as the top priority and has put in place a retail business system for customer operations, foundational support, and the creation of a business ecosystem, promoting deeper technology integration with businesses with end-to-end thinking and disruptive innovation, all the while prudentially operating and regulating management in a bid to increase risk operation and management capabilities.
With branches in major cities such as Shanghai, Beijing, Shenzhen, Tianjin, Chengdu, Ningbo, Nanjing, Hangzhou, Suzhou, Wuxi, Shaoxing, Nantong, Changzhou, Yancheng, and Wenzhou, Bank of Shanghai has business operations across the Yangtze River Delta, the Beijing-Tianjin-Hebei region, the Guangdong-Hong Kong-Macao Greater Bay Area, and Central and West China. Also, it has established four rural banks, BOSC Asset Management Co., Ltd., and Shanghai SC Consumer Finance Co., Ltd., and set up Bank of Shanghai (Hong Kong) Co., Ltd. as its overseas subsidiary, whereby it founded BOSC International Company Limited as its overseas investment bank.
Bank of Shanghai has seen an increasingly greater market influence since its founding in 1995. As of the end of 2019, its total asset stood at 2.237082 trillion yuan, an increase of 10.32% compared to the end of last year, and it recorded a net profit of 20.298 billion yuan, a year-on-year increase of 12.55%. It ranked 73rd among 1,000 banks around the world in 2020 by the British magazine The Banker in terms of Tier 1 capital.