Shanghai Pudong Development Bank, SPDB, incorporated on January 9, 1993 with the approval of the People's Bank of China (28th, August, 1992), is a joint-stock commercial bank with its headquarters located in Shanghai. Shanghai Pudong Development Bank launched a 400 million A-share offer on September 23 on the Shanghai Stock Exchange becoming the first shareholding commercial bank to list with both central bank and China Securities Regulatory Commission’s approval since the enforcement of "Commercial Bank Law" and "Securities Law". Thus the registered capital reaches RMB2.41 billion and 320 million shares of the issue were listed on the Shanghai Stock Exchange on November 10, 1999 (stock code 600000). The objectives of SPDB are to provide services for the development of Pudong for the building of Shanghai into one of the international economic, financial and trade centers in the shortest possible time and to contribute to the national economic development and social progress.
By the end of the year 2007, the bank's total assets reached RMB9149.80 billion, the outstanding balance of all deposits stood at RMB7634.73 billion and outstanding loans of RMB5509.88billion yuan. After-tax profits totaled RMB54.99 billion. The bank has set up 24directly subordinate branches and sub-branches in Shanghai, Beijing, Tianjing, Chongqing, Hangzhou, Nanjing, Guangzhou, Shenzhen, Kunming, Zhenzhou, Dalian, Jinan, Xian, Chengdu, Shenyang, Wuhan, Taiyuan, Changsha, Harbin, Ningbo, Suzhou, Wenzhou, Wuhu etc, with a total of 408 business network sites.
