Editing Bank of Shanghai

{{Short description|State-owned commercial bank in Shanghai, China}}
{{Cleanup|reason=inconsistent date of foundation|date=September 2023}}
{{Infobox company
| name = Bank of Shanghai
| logo = Bank of Shanghai logo.png
| logo_size =
| logo_alt =
| logo_caption =
| logo_padding =
| image = File:Bank of Shanghai, Jia Ding.png
| image_size = 200px
| image_alt = Photo of the Bank of Shanghai building
| image_caption = The Bank of Shanghai building in the [[Jiading District|Jiading district]] of Shanghai
| type = Public
| traded_as = {{ubl|{{SSE|601229}}|<hr>|[[SSE 50 Index|SSE 50 Component]]}}
| industry = Financial services
| founded = {{start date|1996|1|30|df=yes}}
| founder =
| former_name = 
| hq_location = 
| hq_location_city = Shanghai
| hq_location_country = China
| area_served = 
| num_locations = 
| num_locations_year = 
| num_employees = 
| num_employees_year = 
| key_people = 
| brands =
| services = Retail and corporate banking
| revenue = {{increase}} CNY¥{{FXConvert|CHN|33.16|b}}
| revenue_year = 2015
| operating_income = {{increase}} CNY¥{{FXConvert|CHN|15.92|b}}
| income_year = 2015
| net_income = {{increase}} CNY¥{{FXConvert|CHN|13.00|b}}
| net_income_year = 2015
| assets = {{increase}} CNY¥{{FXConvert|CHN|1.45|t}}
| assets_year = 2015
| equity = {{increase}} CNY¥{{FXConvert|CHN|92.83|b}}
| equity_year = 2015
| owner = {{ubl|Shanghai Government (26.64%)|Central&nbsp;People's&nbsp;Government&nbsp;(12.11%)|[[Banco Santander]] (7.20%)|[[TCL Corporation]] (3.73%)|[[Shanghai Commercial Bank]] (3.00%)|others (47.33%)}}
| subsid = 
| ratio = {{nochange}} 10.32% (CET1)
| rating = 
| footnotes = in a consolidated basis; please see the report for their definition of revenue, operating income in [[Chinese accounting standards]]<ref name=BOSC2015AR>{{cite web|url=http://www.bankofshanghai.com.cn/jfimg/colimg/shyh/zh/tzzgx/tzzgx_dqbg/2016-39/93404.pdf|title=2015 Annual Report|date=23 September 2016|accessdate=11 November 2016|publisher=Bank of Shanghai|language=Chinese}}</ref>
}}
{{Infobox Chinese
|title=Bank of Shanghai Co., Ltd.
|s=上海银行股份有限公司
|t=上海銀行股份有限公司
|l=Shanghai Bank Joint-Stock Limited Company
|altname=Bank of Shanghai
|s2=上海银行|t2=上海銀行|p2=Shànghǎi Yínháng|order=st}}
'''Bank of Shanghai Co., Ltd.''' (BOSC) is an [[urban commercial bank]] based in [[Shanghai]] in China. The bank was ranked 73rd among 1000 banks around the world by ''[[The Banker]]'' in terms of their [[Tier 1 capital]] in 2020.<ref>{{Cite web |url= https://www.bosc.cn/en/bosc/202009/t20200915_37674.shtml |title=BOSC Today at BOSC Official Website}}</ref>

==History==
The Bank of Shanghai was founded on December 29, 1995, as the Shanghai City Cooperative Bank, by the merger of 98 City Cooperative Credit Unions of Shanghai, together with the Joint Union of the Shanghai City Cooperative Credit Unions. The company resolved to change its name to the "Bank of Shanghai" in 1998, and regulatory registration of the new name was completed in 2000. Headquartered in Shanghai, China, it is a listed company on the main board of the Shanghai Stock Exchange with stock code 601229. In September 1999 and December 2001, Bank of Shanghai received equity investments from [[International Finance Corporation]] of the [[World Bank Group]], [[The Hong Kong and Shanghai Banking Corporation]] (HSBC) and The [[Shanghai Commercial Bank]] of [[Hong Kong]].{{citation needed|date=November 2016}} Prior to 1949, Shanghai was the main branch of HSBC, but its operations in mainland China had significantly scaled down in the 1950s. The Shanghai Commercial Bank was also based in Shanghai before the establishment of the People's Republic of China in 1949, but its mainland operations were nationalized in 1950.

On 11 December 2013, HSBC Hong Kong sold their 8.0% stake of the Bank of Shanghai to Spanish multinational banking group [[Banco Santander]] for an undisclosed fee (Santander announced that including the cooperation agreement, the total investment would be [[Euro|€]]470&nbsp;million), which HSBC HK listed the stake as an available-for-sale asset with a fair value of [[Hong Kong dollar|HK$]]3.629&nbsp;[[1,000,000,000|billion]] (approx. US$468&nbsp;million) in the balance sheet at 30 September 2013.<ref>{{cite web|url=http://www.hsbc.com/~/media/hsbc-com/investorrelationsassets/stockexchangeannouncements/2013/december/sea-131211-e-hsbc-to-sell-minority-stake-in-bank-of-shanghai.pdf|title=HSBC to sell minority stake in Bank of Shanghai|date=11 December 2013|access-date=11 November 2016|publisher=HSBC Holdings}}{{Dead link|date=October 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{cite web|url=http://www.santander.com/csgs/Satellite?appID=santander.wc.CFWCSancomQP01&canal=CSCORP&cid=1278693889756&empr=CFWCSancomQP01&leng=en_GB&pagename=CFWCSancomQP01%2FGSNoticia%2FCFQP01_GSNoticiaDetalleMultimedia_PT18|title=Santander signs a cooperation agreement with Bank of Shanghai and buys an 8% stake|date=10 December 2013|access-date=11 November 2016|publisher=Banco Santander}}</ref> It was HSBC's successive disinvestment in the mainland China after selling [[Ping An Insurance]] in December 2012.

In 2016, the Bank of Shanghai applied the clearance for [[Initial public offering|IPO]]. Since June 2017, it was part of [[Shanghai Stock Exchange]]'s blue chip index: [[SSE 50 Index]].<ref>{{cite press release|url=http://www.sse.com.cn/market/sseindex/diclosure/c/c_20170531_4318582.shtml|script-title=zh: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|date=31 May 2017|access-date=30 October 2017|publisher=Shanghai Stock Exchange|language=zh-cn}}</ref>

==Shareholder==
{{updated|31 December 2015}}<ref name=BOSC2015AR/>
;Major Shareholders
* Subsidiaries and wholly owned subsidiaries of Shanghai Municipal People's Government and district-level governments 
** Shanghai Alliance Investment (15.08%)
** [[Shanghai International Port Group]] (7.20%)
** Shanghai Huixin (2.16%)
** Shanghai Huangpu District State-Owned Assets Corporation (2.20%)
* Companies under the supervision of the [[State Council of the People's Republic of China|State Council]] ([[State-owned Assets Supervision and Administration Commission of the State Council|SASAC]] and the [[Ministry of Finance of the People's Republic of China|Ministry of Finance]])
** [[China Jianyin Investment]] (5.48%)
** China Shipbuilding & Offshore International of [[China Shipbuilding Industry Corporation]] (4.63%)
** CITIC Guoan of [[CITIC Guoan Group]] (2.00%)
* [[Banco Santander]] (7.20%)
* [[TCL Corporation]] (3.73%)
* [[Shanghai Commercial Bank]] (3.00%)

According to the bank, 206 Chinese [[state-owned enterprise]]s owned 56% stake of the share capital in total, as at 31 July 2015.

==See also==
{{Portal|Banks}}
* [[Kwang Pu Chen|Chen Guangfu]], founder
** [[Shanghai Commercial and Savings Bank]] (Taiwan)
** [[Shanghai Commercial Bank]] (Hong Kong)

==References==
{{reflist|30em}}

== External links ==
* {{official website}}
{{Banks of the People's Republic of China}}

[[Category:Companies listed on the Shanghai Stock Exchange]]
[[Category:Banks based in Shanghai]]
[[Category:Banks established in 1996]]
[[Category:Chinese companies established in 1996]]
[[Category:Chinese brands]]
[[Category:Companies in the CSI 100 Index]]
[[Category:1996 in Shanghai]]