Founded in 1993 and approved by the China Banking Regulatory Commission, it is a joint-stock commercial bank mainly engaged in small and medium-sized enterprises and investment banking business
Zheshang Bank Co., Ltd. (hereinafter referred to as "Zheshang Bank") is one of the 12 national joint-stock commercial banks approved by the China Banking Regulatory Commission, headquartered in Hangzhou, Zhejiang Province, and headquartered in Zhejiang. Formerly known as "Zhejiang Commercial Bank", it is a Sino-foreign joint venture bank established in 1993 in Ningbo, Zhejiang Province. On June 30, 2004, with the approval of the China Banking Regulatory Commission, it was reorganized, renamed and relocated, and restructured into the current Zheshang Bank, which was officially opened on August 18, 2004. By the end of 2016, Zheshang Bank had set up 170 branches in 13 provinces and cities including Beijing, Tianjin, Liaoning, Shanghai, Jiangsu, Shandong, Hubei, Guangdong, Chongqing, Sichuan, Shaanxi and Gansu and all provincial municipalities in Zhejiang Province, achieving effective coverage of the Yangtze River Delta, Bohai Rim, Pearl River Delta and some central and western regions.
With its flexible market-oriented mechanism, strategic geographical layout and efficient operation and management capabilities, Zheshang Bank has developed into a high-quality commercial bank with a solid foundation, excellent efficiency, rapid growth and perfect risk control since its restructuring in 2004. In the list of "Top 1000 Global Banks" published by The Banker magazine in 2016, it ranked 158th in terms of Tier 1 capital and 117th in terms of total assets. China Chengxin International has given Zheshang Bank the highest AAA credit rating among financial institutions. At the same time, it has won many honors such as "Best Corporate Liquidity Service Bank", "Most Respected Investment Bank by Investors", "Best Wealth Management Brand", "Internet Finance Innovation Award", "Most Trusted Financial Institution of Zhejiang Merchants" and "Best Social Responsibility Financial Institution Award" by many well-known institutions or authoritative departments.
The vision of Zheshang Bank is to become the most competitive national joint-stock commercial bank and the most important financial platform in Zhejiang Province. "The most competitive national joint-stock commercial bank" refers to the professional standard comparable to that of first-class joint-stock banks in the process of serving target customers, and has obvious competitive advantages in innovation ability, risk control ability, market service ability and value creation ability; In terms of scale and volume, it matches the identity of a national joint-stock commercial bank, which can provide support for the sustainable development of professional capabilities. "The most important financial platform in Zhejiang Province" refers to a representative financial group in Zhejiang Province with complete functions, leading scale, excellent performance and outstanding reputation, which is at the forefront of resource investment, efficient service and model innovation, and has become a strategic partner of governments at all levels, financial institutions, core enterprises and Zhejiang businessmen in the province. The most competitive is the capability foundation of the most important financial platform, and the most important financial platform is the most competitive material foundation, and the two support each other.
Based on the judgment of the development trend of macroeconomic finance, the changing trend of enterprise demand, the regulatory trend of regulators, and the transformation trend of bank operation, Zheshang Bank proposes to meet the "new normal" of economy and finance with an all-asset operation strategy, and seeks to achieve rapid development and overtake in the economic shift period. The all-asset management strategy is a systematic business strategy that covers front, middle and back office management and coordination, and actively adapts to the highly uncertain and rapidly changing market environment, and builds a contingency management system with clear direction, flexible mechanism, diverse strategies and rich tools. At the level of internal operation, we will break through the limitations of relying solely on credit assets, adjust the allocation of credit assets, trading assets, interbank assets, investment assets and on- and off-balance sheet assets at any time according to the changes in market and customer needs, so as to drive liabilities with assets and reshape the balance sheet of banks. At the level of customer service, we break the boundaries between assets, liabilities and services, companies, peers, and individual businesses and products, integrate financial activities into customers' operations and lives, and optimize customers' balance sheets; In addition, it will form the competitiveness to quickly adapt to changes in the market and customer needs, develop diversified sources of profit, effectively balance the impact of economic cycle and business fluctuations on the bank's asset scale and profitability, achieve industry-leading growth, and finally achieve the overall goal of "two most".
