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China Zheshang Bank

China Zheshang Bank

China Zheshang Bank is an Hangzhou-based company founded in 2004.

OverviewStructured DataIssuesContributors

Contents

czbank.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Banking
Banking
Financial services
Financial services
Finance
Finance
Bank
Bank
Location
Hangzhou
Hangzhou
B2X
B2B
B2B
Pitchbook URL
pitchbook.com/profiles...159541-39
Legal Name
ZheShang Bank Co., Ltd.
Legal classification
Joint-stock company
Joint-stock company
Date Incorporated
2004
Number of Employees (Ranges)
501 – 1,0000
Email Address
ir@czbank.com
Phone Number
+8657188268966
Number of Employees
16,272
Full Address
No. 288 Qingchun Road, Hangzhou, Zhejiang
Place of Incorporation
China
China
Founded Date
January 1, 2004
Fax Number
+86-571-87659826
Competitors
China Merchants Bank
China Merchants Bank
Bank of Chengdu
Bank of Chengdu
China Everbright Bank
China Everbright Bank
BOC Hong Kong (Holdings)
BOC Hong Kong (Holdings)
Bank of Beijing
Bank of Beijing
Stock Symbol
2016.HK
Exchange
Hong Kong Stock Exchange
Hong Kong Stock Exchange
Country
China
China
Headquarters
Hangzhou
Hangzhou

Other attributes

Company Operating Status
Active
Invested in
WTOIP
WTOIP
Wikidata ID
Q15924407

China Zheshang Bank, abbreviated as CZB, is a national joint-stock commercial bank based in the People's Republic of China and regulated by the People's Bank of China.

Overview

China Zheshang Bank has its headquarters in Hangzhou, China and serves customers through a network of 109 branches across the major cities in the country. In 2014, the bank ranked 208 in the "Global Banking 1000" list by the UK based Banker magazine.

History

China Zheshang Bank trances its roots from Zhejiang Commercial Bank that was formed in 1993 in Ningbo, Zhejiang Province of China. The Zhejiang Commercial Bank was a Sino-foreign bank jointly owned by Bank of China, Hong Kong Nanyang Commercial Bank, Bank of Communications, and the Zhejiang International Trust and Investment Co.

On June 30, 2004, the China Banking Regulatory Commission approved the restructuring, renaming and relocation of Zhejiang Commercial Bank and on August 18, 2004, China Zheshang Bank was officially opened as a new bank in Hangzhou.

Once launched, the bank structured its overall business strategy in two five-year phases:

  • Phases 1 - 2004 to 2008 - The main focus was the Zhejiang province market.
  • Phases 2 - 2009 to 2013 - To focus on the developed regions of China.

As of December 2014, China Zheshang Bank a registered capital base of CN¥ 11.5 billion, total assets of CN¥ 6,700 billion, CN¥ 360 billion in customer deposits and CN¥ 260 billion in issued loans.

In September 2015, CZB announced plans to raise around US$1 billion through an IPO and listing on the Hong Kong Stock Exchange. The listing details were yet to be announced as at the end of October 2015.

Governance

China Zheshang Bank is governed by an 18-person board of directors. Of these, four are executive directors, eight are shareholders directors and six are independent directors. These directors select the chairman of the board. The current director is Shen Renkang.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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No Further Resources data yet.

References

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