Shanghai Innovation Bank

Shanghai Innovation Bank is a Chinese commercial bank, formerly a Sino-American joint venture. It is wholly owned by Shanghai Pudong Development Bank. Its predecessor was SPD Silicon Valley Bank, established in August 2012 as a joint venture between SPD Bank and Silicon Valley Bank, with each contributing 50% initially, making it the first Sino-American joint venture bank. In July 2015, it received approval from the China Banking and Insurance Regulatory Commission to start RMB business.

Shanghai Innovation Bank is a Chinese commercial bank, formerly a Sino-American joint venture. It is wholly owned by Shanghai Pudong Development Bank. Its predecessor was SPD Silicon Valley Bank, established in August 2012 as a joint venture between SPD Bank and Silicon Valley Bank, with each contributing 50% initially, making it the first Sino-American joint venture bank. In July 2015, it received approval from the China Banking and Insurance Regulatory Commission to start RMB business.

1. 1Shanghai Innovation Bankwikidata.org
2. 2上海科创银行zh.wikipedia.org