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 The Bank of Shanghai building in theJiading district of Shanghai | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | 30 January 1996 (1996-1-30) |
| Headquarters | Shanghai ,China |
| Services | Retail and corporate banking |
| Revenue |  CNY¥33.16 billion (US$5.14 billion) (2015) |
| CNY¥15.92 billion (US$2.47 billion) (2015) | |
| CNY¥13 billion (US$2.02 billion) (2015) | |
| Total assets | CNY¥1.45 trillion (US$224.81 billion) (2015) |
| Total equity | CNY¥92.83 billion (US$14.39 billion) (2015) |
| Owner |
|
| Capital ratio |  10.32% (CET1) |
| Footnotes / references in a consolidated basis; please see the report for their definition of revenue, operating income inChinese accounting standards[1] | |
| Bank of Shanghai Co., Ltd. | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 上海银行股份有限公司 | ||||||
| Traditional Chinese | 上海銀行股份有限公司 | ||||||
| Literal meaning | Shanghai Bank Joint-Stock Limited Company | ||||||
| |||||||
| Bank of Shanghai | |||||||
| Simplified Chinese | 上海银行 | ||||||
| Traditional Chinese | 上海銀行 | ||||||
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Bank of Shanghai Co., Ltd. (BOSC) is anurban commercial bank based inShanghai in China. The bank was ranked 73rd among 1000 banks around the world byThe Banker in terms of theirTier 1 capital in 2020.[2]
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 fromInternational Finance Corporation of theWorld Bank Group,The Hong Kong and Shanghai Banking Corporation (HSBC) and TheShanghai Commercial Bank ofHong Kong.[citation needed] 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 groupBanco Santander for an undisclosed fee (Santander announced that including the cooperation agreement, the total investment would be€470 million), which HSBC HK listed the stake as an available-for-sale asset with a fair value ofHK$3.629 billion (approx. US$468 million) in the balance sheet at 30 September 2013.[3][4] It was HSBC's successive disinvestment in the mainland China after sellingPing An Insurance in December 2012.
In 2016, the Bank of Shanghai applied the clearance forIPO. Since June 2017, it was part ofShanghai Stock Exchange's blue chip index:SSE 50 Index.[5]
According to the bank, 206 Chinesestate-owned enterprises owned 56% stake of the share capital in total, as at 31 July 2015.
| Central bank | |
|---|---|
| Policy bank | |
| State Council commercial | |
| Nationwide commercial | |
| Urban commercial | |
| Regulatory agency | |
