July 25, 2014 5:33 PM ET

Banks

Company Overview of Bank of Shanghai Co., Ltd.

Company Overview

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

Shanghai,  

China

Founded in 1995

Key Executives for Bank of Shanghai Co., Ltd.

President
Age: 59
President
Age: 48
Head of The Planning & Finance Department
Vice President
Age: 51
Vice President
Age: 50
Compensation as of Fiscal Year 2014.

Bank of Shanghai Co., Ltd. Key Developments

Bank of Shanghai Plans To Delay IPO

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

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

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 10, 2013
--
Private Placement
November 11, 2013
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Bank of Shanghai Co., Ltd., please visit www.bankofshanghai.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.