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Shanghai Pudong Development Bank

Shanghai Pudong Development Bank
Company nameShanghai Pudong Development Bank Co. Ltd
Company typePublic company
IndustryBanking, Finance
HeadquartersShanghai, People's Republic of China
Key peopleJi Xiaohui, Chairman
ProductsFinancial Services
Net incomeUSD 418.75 million (2006)

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Shanghai Pudong Development Bank Co. Ltd (SPDB), (SSE - 600000) incorporated on January 9, 1993 with the approval of the People's Bank of China (August 28, 1992), is a joint-stock commercial bank with its headquarters located in Shanghai.

Shanghai Pudong Development Bank issued a 400 million A-share offer on September 23, 1993 on the Shanghai Stock Exchange. It became the first shareholding commercial bank to list with both Central Bank and China Securities Regulatory Commission’s approval since the enactment of "Commercial Bank Law" and "Securities Law". Thus, the registered capital reached RMB 2.41 billion. 320 million shares of the issue were listed on the Shanghai Stock Exchange on November 10, 1999 (stock code 600000).

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