Bank of Shanghai
| Bank of Shanghai | |
|---|---|
| legal form | Corporation |
| ISIN | CNE0000011B7 |
| founding | December 29, 1995 |
| Seat |
Shanghai , People's Republic of China
|
| management | Youlian Hu |
| Number of employees | 10,305 (2017) |
| sales | 11.8 billion US dollars (2017) |
| Website | www.bosc.cn |
The Bank of Shanghai Corporation Limited (BOSC) is a municipal commercial bank based in Pudong ( Shanghai ) in the People's Republic of China . With total assets of approx. 278 billion US dollars in 2018, it is one of the 100 largest financial institutions worldwide.
history
The bank was founded in December 1995 to provide credit to local businesses during China's economic opening. In September 1999 and December 2001, the Bank of Shanghai received equity investments from the International Finance Corporation , the World Bank , Hong Kong and Shanghai Banking Corporation (HSBC) and the Shanghai Commercial Bank .
On December 11, 2013, HSBC sold its 8.0% stake in the Bank of Shanghai to the Spanish multinational banking group Banco Santander , making it the third largest shareholder. The two largest owners are the Shanghai municipal government (26.64%) and the Chinese government (12.1%). State-owned companies collectively hold a majority of the shares.
In 2016, the Bank of Shanghai applied for listing to go public. The bank has been part of the SSE 50 index of the Shanghai Stock Exchange since 2017 .
Individual evidence
- ^ Bank Of Shanghai on the Forbes World's Best Banks List. Accessed March 5, 2019 .
- ^ The world's 100 largest banks. Retrieved March 5, 2019 .
- ↑ HSBC to sell minority stake in Bank of Shanghai . HSBC Holdings. December 11th 2013.
- ↑ Santander signs a cooperation agreement with Bank of Shanghai and buys an 8% stake . Banco Santander. December 10, 2013.
- ↑ 沪深 300 、 上 证 50 和 中 证 500 等 指数 2017 年 第 一次 定期 调整 样本 股 | 上海 证券交易所. Retrieved March 5, 2019 .