Bank of Jiangsu
A Chinese joint-stock commercial bank formed through the consolidation of ten city commercial banks in Jiangsu Province.
Last updated October 9, 2026
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Overview
Bank of Jiangsu, commonly abbreviated as BOJ, is a Chinese joint-stock commercial bank headquartered in Nanjing, Jiangsu Province. It was created in 2007 through the combination and restructuring of ten city commercial banks operating in Jiangsu. The consolidation reflected a broader effort to strengthen the capital base, operating scale, and competitiveness of local commercial banking institutions while preserving a strong connection with the regional economy. The bank officially began operations on 24 January 2007. The bank’s principal business scope covers corporate banking, retail banking, financial markets, and related financial services. Its corporate activities serve enterprises and other institutional customers through lending, deposits, settlement, and other banking products. Retail banking provides services for individuals, including deposits and personal financial products. Its financial-markets activities include funding and investment-related operations associated with a commercial bank. In strategic terms, Bank of Jiangsu has positioned itself as a regional bank supporting Jiangsu’s businesses, households, and public-sector economic activity, while also developing capabilities that allow it to serve customers beyond its original city-bank base. Bank of Jiangsu attracted attention in the mid-2010s as one of the better-performing local commercial banks in China. Wikipedia’s account of its 2015 results reports net profit of 9.5 billion yuan, an increase of 9.3 percent from the preceding year. The same comparison placed its reported profit above those of Bank of Nanjing and Bank of Ningbo for that year. These results helped establish the bank as a significant participant in China’s city-commercial-bank segment, although they should be understood in the context of the Chinese banking sector’s wider concerns about credit quality, leverage, and the management of non-performing assets. A major turning point came on 2 August 2016, when Bank of Jiangsu completed an initial public offering on the Shanghai Stock Exchange. The offering raised 7.24 billion yuan and made the bank a publicly traded A-share institution. The listing improved its access to equity-market capital and increased public disclosure and investor scrutiny. It was described as the first Shanghai Stock Exchange A-share listing by a Chinese city or rural lender since 2007 and was among Asia’s larger initial public offerings during 2016. In March 2017, Bank of Jiangsu raised 40 billion yuan for two investment funds intended to invest in asset-backed securities. The transaction occurred during a period when securitisation was expanding in China and policymakers were encouraging deleveraging and the restructuring of bank assets. In October 2021, the People’s Bank of China and the China Banking and Insurance Regulatory Commission included Bank of Jiangsu on their list of systemically important financial institutions. That designation underscored the bank’s significance within China’s financial system and placed it within a framework involving enhanced regulatory expectations. Bank of Jiangsu therefore combines a local commercial-bank heritage with the scale and public-market profile of a listed national financial institution. Its identity remains closely associated with Jiangsu, while its operating model includes corporate, consumer, and financial-market services. The available reference material does not provide sufficient detail to describe its current branch network, exact customer counts, current financial results, ownership structure, or present executive leadership without risking unsupported claims.
History
Bank of Jiangsu emerged from the consolidation of ten city commercial banks in Jiangsu Province. The restructuring was completed in 2007, and the combined institution officially started operations on 24 January of that year. Its formation gave the participating local banks a common platform with greater scale and a broader capacity to serve Jiangsu’s regional economy. The bank developed as a joint-stock commercial institution with business lines spanning corporate banking, retail banking, and financial markets. This structure enabled it to work with enterprises and institutional clients while also offering deposit and other services to individual customers. Its regional identity remained important: the bank was headquartered in Nanjing and built its institutional role around Jiangsu, even as its capabilities and public profile extended beyond a single municipal market. By 2015, Bank of Jiangsu was regarded in the referenced material as one of China’s stronger local commercial banks. It reported net profit of 9.5 billion yuan for that year, up 9.3 percent from 2014. The comparison with Bank of Nanjing and Bank of Ningbo illustrated its position among prominent city-commercial-bank peers. The result also came during a period when Chinese banks faced heightened attention to credit expansion, asset quality, and potential bad-loan risks. On 2 August 2016, the bank completed an initial public offering on the Shanghai Stock Exchange. The IPO raised 7.24 billion yuan and converted Bank of Jiangsu into a listed A-share company. The listing represented an important governance and financing milestone, providing access to public equity capital while subjecting the bank to the disclosure and market-accountability requirements associated with a stock-exchange listing. In March 2017, Bank of Jiangsu raised 40 billion yuan for two investment funds that were intended to invest in asset-backed securities. The transaction reflected the growing role of securitisation in China and the policy environment surrounding deleveraging and the management of banking-sector assets. On 15 October 2021, the People’s Bank of China and the China Banking and Insurance Regulatory Commission named Bank of Jiangsu a systemically important financial institution. This recognition confirmed that the bank had become more than a purely local banking operator and brought it within the heightened regulatory framework applied to institutions considered important to financial stability. The available reference material does not establish a complete account of later strategy, current ownership, branch expansion, financial performance, or executive appointments. Those areas require verification against current company disclosures and regulatory filings.
- 2021
Systemically important financial institution designation
[1]Chinese financial regulators named Bank of Jiangsu in the list of systemically important financial institutions.
- 2017
Asset-backed securities investment funds
[1]The bank raised 40 billion yuan for two funds intended to invest in asset-backed securities.
- 2016
Shanghai Stock Exchange initial public offering
[1]Bank of Jiangsu listed on the Shanghai Stock Exchange on 2 August and raised 7.24 billion yuan through its IPO.
- 2015
Reported strong annual profitability
[1]The bank reported net profit of 9.5 billion yuan, described in the reference material as a 9.3 percent improvement over 2014.
- 2007
Formation and commencement of operations
[1]Bank of Jiangsu was formed through the combination and restructuring of ten city commercial banks in Jiangsu and officially began operations on 24 January.
Products and positioning
A Jiangsu-rooted city commercial bank that supports regional economic activity while operating as a publicly listed Chinese joint-stock commercial bank with corporate, retail, and financial-markets capabilities.
Banking
Corporate banking
Bank of Jiangsu’s corporate-banking business serves enterprises and institutional customers. The available reference material identifies corporate lending, deposits, and related financial services as part of the bank’s scope, but does not provide a complete current catalogue of products, sector specialisations, or customer eligibility requirements.
Banking
Retail banking
The retail-banking business provides services to individual customers, including personal deposits and other consumer-oriented financial services. The reference material supports describing retail banking as a core business line, but does not specify the full range of current account, card, mortgage, wealth-management, or digital-banking products.
Financial markets
Financial markets
Financial-markets activities form one of Bank of Jiangsu’s principal operating areas. The bank’s 2017 fundraising for two asset-backed-securities investment funds demonstrates participation in securitisation-related financial activity, although the available sources do not establish the full range of current trading, investment, treasury, or capital-markets services.
Controversies
2026
Fined 9.371 Million Yuan by the Central Bank for 13 Violations Including Data Security
In September 2026, the central bank disclosed 13 violations by Bank of Jiangsu in areas including financial statistics, accounts, acquiring, data and network security, and customer identification, and imposed a warning, public criticism, confiscation of a small amount of illegal gains, and a fine of 9.371 million yuan. This is a separate decision from the 2023 penalty.
2023
Fined Nearly 8 Million Yuan by PBOC Nanjing Branch for Multiple Account and Financial Management Violations
In 2023, the People's Bank of China Nanjing Branch announced that Bank of Jiangsu had committed multiple violations including account management breaches and withholding of fiscal funds, and imposed a fine of 7.736 million yuan along with confiscation of a small amount of illegal gains; the responsible persons were also penalized. This entry is limited to the violations announced in that decision.
Brand decisions
2017
Creation of asset-backed-securities investment fundsStrategyBackground
Chinese securitisation was expanding while policymakers were encouraging deleveraging and broader management of banking-sector assets.
Action taken
Bank of Jiangsu raised 40 billion yuan for two investment funds intended to invest in asset-backed securities.
Aftermath
The fundraising positioned the bank as a significant participant in China’s developing asset-securitisation market.
Funds raised. 40 billion yuan raised (March 2017)
2016
Public listing through a Shanghai Stock Exchange IPOOtherBackground
Bank of Jiangsu sought access to public equity capital and the governance and disclosure framework associated with an A-share listing.
Action taken
The bank completed its IPO on 2 August 2016 and raised 7.24 billion yuan.
Aftermath
The transaction made Bank of Jiangsu a listed Shanghai Stock Exchange company and expanded its access to capital-market financing.
IPO proceeds. 7.24 billion yuan raised (2 August 2016)
Recent events
Jiangsu Bank wins 2021 China Banking ESG Practice Tianji Award[7]
Jiangsu Bank received the 2021 China Banking ESG Practice Tianji Award at the China Banking Annual Conference organized by Securities Times.
- Unconfirmed
Jiangsu Bank and Xukuang Group sign energy-support loan agreement[8]
Jiangsu Bank and Xukuang Group signed a special loan cooperation agreement. Jiangsu Bank will provide a 2 billion yuan loan to support Xukuang Group's emergency coal-reserve task and energy-supply needs.
Jiangsu Bank customer service center receives national youth recognition[9]
Jiangsu Bank's customer service center received the "National Youth Civilization Unit" honor at the 20th selection. The article reports the recognition result but does not state the precise date it was awarded.
Bank of Gansu and Bank of Jiangsu sign strategic cooperation agreement[10]
Bank of Gansu and Bank of Jiangsu signed a comprehensive strategic cooperation agreement covering areas including funds operations, asset management, corporate finance, retail banking and green finance.
Jiangsu Bank and 17 companies launch climate finance initiative[11]
Jiangsu Bank and 17 companies jointly launched a climate finance initiative, stating that they would promote green, low-carbon and sustainable investment and financing and support low-carbon development.
Bank of Jiangsu and Jiangsu Port Group sign strategic cooperation agreement[12]
Bank of Jiangsu and Jiangsu Port Group signed a strategic cooperation agreement in Nanjing on September 12. The agreement covers cooperation including supply-chain finance, green credit, smart-industry-chain development and green-port construction.
Jiangsu Bank and Nanjing University of Posts and Telecommunications establish fintech partnership[13]
Reported:
Jiangsu Bank and Nanjing University of Posts and Telecommunications signed an agreement and unveiled a fintech academy and joint laboratory, establishing a partnership covering technology innovation, talent development and commercialization of research results.
Yiche and Bank of Jiangsu form an automotive content and service partnership[14]
Yiche and Bank of Jiangsu agreed to combine resources in automotive content, shared activities and interactive marketing. From July 10, Bank of Jiangsu users could access automotive data and information provided by Yiche through the bank’s platforms.
- Unconfirmed
Bank of Jiangsu and Huai'an sign inclusive-finance strategic cooperation agreement[15]
Bank of Jiangsu and Huai'an signed a strategic cooperation agreement on inclusive finance. The bank said it would provide more than 100 billion yuan in loans to Huai'an New District over the following three years.
Jiangsu Bank provides an emergency credit facility for epidemic-control businesses[16]
Reported:
Jiangsu Bank provided a RMB 10 billion emergency credit facility to support key producers of epidemic-control supplies and businesses affected in resuming production.
Sources16 sources
- 1Bank of Jiangsuen.wikipedia.org
- 2Bank of Jiangsu official websitejsbchina.cn
- 3Fined Nearly 8 Million Yuan by PBOC Nanjing Branch for Multiple Account and Financial Management Violationsthepaper.cn
- 4Fined Nearly 8 Million Yuan by PBOC Nanjing Branch for Multiple Account and Financial Management Violationscnfin.com
- 5Fined 9.371 Million Yuan by the Central Bank for 13 Violations Including Data Securityyicai.com
- 6Fined 9.371 Million Yuan by the Central Bank for 13 Violations Including Data Securitynews.qq.com
- 7江苏银行荣获“2021年中国银行业ESG实践天玑奖”news.cnfol.com
- 8江苏银行与徐矿集团签署能源保供专项贷款合作协议news.cnfol.com
- 9江苏银行客服中心荣获全国青年文明号称号news.cnfol.com
- 10甘肃银行与江苏银行签订战略合作协议bank.jrj.com.cn
- 11江苏银行与17家企业发起气候融资倡议news.cnfol.com
- 12江苏银行与江苏省港口集团签署战略合作协议stock.jrj.com.cn
- 13江苏银行与南京邮电大学建立金融科技合作finance.sina.com.cn
- 14易车与江苏银行达成汽车内容与服务合作hy.stock.cnfol.com
- 15江苏银行与淮安市签署普惠金融战略合作协议news.cnfol.com
- 16江苏银行提供疫情防控专项紧急授信额度finance.sina.com.cn
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