Bank of Shanghai (Simplified Chinese: 上海银行, Traditional Chinese: 上海銀行; pinyin: Shànghǎi Yínháng) is a bank based in Shanghai in the People's Republic of China. Simplified Chinese characters (Simplified Chinese: 简体å—; Traditional Chinese: ç°¡é«”å—; pinyin: jiÇŽntÇzì; also Simplified Chinese: 简化å—; Traditional Chinese: 簡化å—; pinyin: jiÇŽnhuà zì) are one of two standard character sets of printed contemporary Chinese written language. ... Traditional Chinese characters are one of two standard character sets. ... Pinyin is a system of romanization (phonemic notation and transcription to Roman script) for Standard Mandarin, where pin means spell and yin means sound. The most common variant of pinyin in use is called Hanyu Pinyin (Simplified Chinese: , Traditional Chinese: ; pinyin: Hà nyÇ” PÄ«nyÄ«n), also known as scheme... The First Provincial Bank of Taiwan in Taipei, Republic of China was formerly the central bank of the Republic of China and issued the New Taiwan dollar. ... Shanghai (Chinese: ; pinyin: ; Shanghainese: ), stuated on the banks of the Yangtze River Delta in East China, is the largest city of the Peoples Republic of China. ...
In September 1999 and December 2001, Bank of Shanghai received equity investments from International Finance Corporation, HSBC and Shanghai Commercial Bank in Hong Kong. 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... 2001: A Space Odyssey. ... The International Finance Corporation (IFC) promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve peoples lives. ... HSBC Holdings plc (LSE: HSBA, SEHK: 005, NYSE: HBC, Euronext: HSBC, BSX: 1077223879) is one of the largest banking groups in the world, ranked the fifth-largest company and third-largest banking company in the world in Forbes Global 2000. ... Shanghai Commercial Bank is a bank originally founded in Shanghai but based in Hong Kong since 1950. ...
Bank of Shanghai's loan book, mainly to small, private businesses, is relatively free of bad debts, making it an attractive target unlike other major state-owned banks which are burdened with extremely high levels of bad loans.
Bank of Shanghai's overdue loans had eased to eight percent of total loans at the end of June, down from nearly 10 percent in 1998 -- an impressive feat considering its loan portfolio had grown some 1.8 times over the same period, they said.
Hong Kong banks, facing weak loan growth at home as the economy slips in to its second recession since the 1997-98 Asian financial crisis, are eyeing China for long-term growth and Shanghai is one of its more affluent and modern banking markets.
With the establishment of the Shanghai headquarters, some departments of the central bank whose businesses are closely related to the market will be moved to the eastern China metropolis.
The central bank'sShanghai headquarters will be composed of 16-18 departments or centers with the staff to be enlarged to 700 within three years.
Shanghai has long been deemed as the financial center of China as a lot of leading Chinese financial institutions, such as China's foreign exchange market, the interbank lending market, the gold market, the diamond market as well as the Shanghai Stock Exchange, are located in the municipality.
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