China $59 Billion Shanghai Pudong Development Bank (SPD Bank) Launches Global Wealth Management Platform in Hong Kong, Joint Partnership Between SPD Bank Hong Kong, SPDB International & Shanghai Trust
12th August | Hong Kong
China Shanghai Pudong Development Bank (SPD Bank, $59 billion market value) has launched a global wealth management platform in Hong Kong, in joint partnership between SPD Bank Hong Kong, SPDB International & Shanghai Trust. China Shanghai Pudong Development Bank (SPD Bank) – Shanghai Pudong Development Bank Co., Ltd. (abbreviated as “SPD Bank”), approved of establishment by the People’s Bank of China on August 28, 1992, opened business on January 9, 1993. As a nationwide joint-stock commercial bank based in Shanghai, it was listed on the Shanghai Stock Exchange in 1999 (Stock Code: 600000). Registered capital of the Bank stands at RMB 29.352 billion. With its outstanding performance record and reputed integrity, SPD Bank has become a highly regarded listed company in the securities market of China. Being committed to its core value of “holding to integrity and striving for excellence”, SPD Bankhas made relentless efforts in expanding its capital base and strengthening its business through financial innovation. As of the end of March 2025, the Bank’s total assets reached RMB 9.55 trillion. It has established 42 tier-one branches with more than1,700 outlets, including domestic branches covering all provincial regions of Chinese mainland, and overseas branches in Hong Kong SAR, Singapore and London. The number of staff has exceeded 60,000. So far, SPD Bank has developed an operation and service pattern that fits its positioning as a national and international commercial bank. In recent years, it has steadily advanced its group-based development and built an integrated operation pattern covering such business areas as trust, wealth management, asset management, financial leasing, overseas investment banking, rural banks, and money brokerage. The Bank established SPDB Foundation in 2022, in an effort to better implement corporate social responsibilities. In June 2025, the Bank ranked 141th on the Forbes’ Global 2000 list, being 11th among Chinese banks. In July 2025, according to The Banker’s Top 1000 World Banks, SPD Bank was ranked 19th in terms of tier 1 capital and 10th among Chinese banks. In August 2024, the Bank ranked 292 th on the Fortune’s Global 500 list, being 8th among Chinese banks, demonstrating its sound competitiveness. Furthermore, it is one of a few domestic joint-stock commercial banks rated above investment grade by each of the three renowned credit rating agencies. Specifically, Fitch Ratings upgraded SPD Bank’s long-term issuer default rating to BBB. Standard & Poor’s Ratings Services affirmed its issuer credit ratings of BBB (long-term) and A-2 (short-term). Moody’s Investors Service assigned deposit ratings of Baa2 (long-term) and Prime-2 (short-term) to the Bank. The Bank’s outlook rated by all these rating agencies is stable. These ratings reflect the Bank’s consistent execution of its business strategy and solid financial performance over the years. As a dedicated financial service provider, SPD Bank is also committed to fulfilling its social responsibility to be an outstanding corporate citizen. In 2022, SPD Bank was awarded the Corporate Donor Award in the first “Shanghai Charity Award” and the “Annual Public Welfare Enterprise” Award of the 7th China Annual Conference on Philanthropy. Since 2022, the Bank’s MSCI (Morgan Stanley Capital ESG rating has been keeping A. In the new round of development, SPD Bank will fully implement the decisions and arrangements of the CPC Central Committee and the State Council and the requirements of regulatory authorities. Following the overall arrangements in the reform of state-owned assets and state-owned enterprises in Shanghai, SPD Bank will develop itself into a first-class joint-stock commercial bank with international competitiveness in all respects and make itself a pacesetter and pioneer of the high-quality financial development in the new era. It will continuously enhance its business capacity and quality, in a bid to better serve the national strategy, the real economy and the major tasks of Shanghai, and to meet the people’s expectation for a better life.
“ China $59 Billion Shanghai Pudong Development Bank (SPD Bank) Launches Global Wealth Management Platform in Hong Kong, Joint Partnership Between SPD Bank Hong Kong, SPDB International & Shanghai Trust “
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China $59 Billion Shanghai Pudong Development Bank (SPD Bank) Launches Global Wealth Management Platform in Hong Kong, Joint Partnership Between SPD Bank Hong Kong, SPDB International & Shanghai Trust
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