Company Overview of Bank of Shanghai Co., Ltd.
Bank of Shanghai Co., Ltd., a commercial bank, provides personal and corporate banking services in China. It accepts demand, term, education, and call deposits; and corporate demand, corporate term, corporate call, and large amount negotiation deposits. The company also offers foreign exchange services, including currency conversion, foreign currency deposits, deposits verification letters, foreign exchange remittances, permits to carry foreign currencies abroad, travel checks, and check collection services; personal intermediary services comprising agency and wealth management services; personal Internet and telephone banking services; and personal loans, such as residential housing, commer...
168 Yin Cheng Road
Pudong New Area
Founded in 1995
Key Executives for Bank of Shanghai Co., Ltd.
Head of The Planning & Finance Department
Compensation as of Fiscal Year 2014.
Bank of Shanghai Co., Ltd. Key Developments
Bank of Shanghai Plans To Delay IPO
Apr 8 13
Bank of Shanghai Co., Ltd. is planning to delay its initial public offering (IPO) on both the Chinese mainland and Hong Kong. Bank of Shanghai’s shareholders meeting is scheduled to be held on April 8, 2013, and on the meeting, 20 proposals including delaying the valid period of a plan to debut on both the Chinese mainland stock market and the Hong Kong stock market by one year will be discussed. Bank of Shanghai reportedly saw both the non-performing loan outstanding and the non-performing loan ratio fall in the 2012 and so it has become a focal point as to why it has a plan to delay valid period of the IPO plans.
Bank of Shanghai Reportedly Mulls To Re-Launch IPO
Feb 21 13
Bank of Shanghai Co., Ltd. is reportedly planning to re-launch its initial public offering (IPO) public in Hong Kong. The offering could go ahead as soon as the second quarter, say people familiar with the plans. Bank of Chongqing Co., Ltd. is also reportedly planning to launch an IPO or a $500 million share sale since mainland regulators have suspended evaluations of proposed domestic public offerings. "After clearing the listing application process with the local bourse, Bank of Shanghai, the biggest municipal-level lender by market capitalization with a focus on the prosperous Yangtze River Delta region, may tap the Hong Kong market in late May with a $1 billion share sale," said a banker with direct knowledge of the deal who requested anonymity.
HSBC Reportedly To Sell Its Stake In Bank of Shanghai
Dec 4 12
HSBC Holdings plc is reportedly seeking to sell its entire stake in Bank of Shanghai Co., Ltd., sources reported. HSBC is rumored to be close to reaching a final agreement with potential buyers, which may possibly be a consortium. According to the source, the transaction value is expected to exceed CNY 5 billion. HSBC has yet to comment, while Bank of Shanghai has stated that HSBC is still one of its foreign shareholders at present, Chinese Business News said.
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