Bank forms JV to service consumer finance
Print Edition
BANK of Shanghai has received the regulatory approval to set up a consumer finance joint venture with registered capital of 1 billion yuan (US$145 million), joining two other regional banks which have done so.
The Shanghai Shangcheng Consumer Finance Corp will be set up with other three shareholders — Shanghai-based Ctrip International, a Shenzhen-based investment company and a Wuxi-based technology firm, the lender said in a filing to the Shanghai Stock Exchange yesterday.
Bank of Shanghai will hold 38 percent of the joint venture based on its capital contribution.
The lender, the latest bank to list on China’s mainland, debuted strongly on November 16, after it raised 10.7 billion yuan in its initial public offering. Its IPO was the biggest in Shanghai’s stock market so far this year.
Industrial Bank and Bank of Beijing have also set up their consumer finance arms, according to earlier reports.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
