Founded in 1908, the Bank is one of the banks with the longest history in modern China. The Bank reopened after reorganization on 1 April 1987 and became the first nationwide state-owned joint-stock commercial bank in China, with Head Office located in Shanghai. The Bank was listed on the Hong Kong Stock Exchange in June 2005 and on the Shanghai Stock Exchange in May 2007. In 2023, the Bank was selected as a global systemically important bank, and ranked 7th among global banks in terms of tier-1 capital according to The Banker’s “Top 1000 World Banks” list.
Guided by "the one overarching goal", i.e. the strategic objective of "building a world-class banking group with distinctive strengths", the Bank aims to promote "the two driving forces for innovation", i.e. Shanghai home base construction and Digital and Intelligent Transformation, forge its "distinctive advantages in the three focused areas" including universal services, cross-border services and wealth management, enhance "the five fundamental capabilitities" in customer management, risk management, technology empowerment, resource allocation, and systematic advancement. By excelling in "the Five Key Pillars of Finance", i.e. technology finance, green finance, inclusive finance, pension finance, and digital finance, the Bank aims to better serve the real economy and meet the people's aspirations for a better life.
Upon approval by the NFRA, the Bank provides comprehensive financial services including deposits and loans, supply chain finance, cash management, international settlement and trade financing, investment banking, asset custody, wealth management, bank cards, private banking, treasury businesses, etc. for 3.17 million corporate customers and 208 million retail customers through online service channels such as mobile banking and online banking, as well as over 2,800 domestic outlets and 24 overseas branches (subsidiaries) and representative offices. The Group is involved in businesses such as financial leasing, fund, wealth management, trust, insurance, overseas securities, and debt-to-equity swap through wholly-owned or controlling subsidiaries.
The Bank will fulfil the role as a leading state-owned commercial bank in supporting the real economy and serving as a cornerstone for maintaining financial stability, maintain strategic stability, prevent and resolve risks, strive to provide high-quality services to our customers, create more value for shareholders, build a happy home for employees, and make greater contributions to society!