Shanghai Pudong Development Bank (SPDB) , open officially on January 9, 1993 with the approval of the People's Bank of China on August 28, 1992, is a joint-stock commercial bank with its headquarters located in Shanghai.
Approved by the People's Bank of China and the China Securities Regulatory Commission, Shanghai Pudong Development Bank launched a A-share offer in 1999 and was officially listed on the Shanghai Stock Exchange (stock code: 600000), which was a major move of China’s banking reform. By the end of the third quarter of 2007, itsregistered capital had reached RMB4.354 billion. Great achievements and credibility madeShanghai Pudong Development Banka listed company enjoying good reputation and respect on Chinese stock market.
The main business of Shanghai Pudong Development Bank includes absorbing public deposits, issuing short, medium or long term loansandfinancial bonds as well; offering services such ashandling settlements andbill discount,issuance agent service, cashing agent service,underwriting government bonds, buying and selling government bonds,interbank lending service, andprovidingletter of credit and guarantee services; agent of receipt and payment and agent of insurance; safe deposit box service; foreign exchange deposit service; providing foreign exchange loans; foreign exchange remittance service; foreign exchange service;international settlement;interbank foreign exchange lending; acceptance and discount of foreign bills; providingforeign exchange loans;foreign exchange guarantee;settlement and sale of foreign exchange;transaction or transaction agent of foreign currency securities except shares; self-runsale and purchaseof foreign exchange;sale and purchase of foreign exchange for clients;credit investigation,consultationand witness services;offshore banking business;custody services of securities investment and funds; custody services of national social security funds; and any other services approved by the People’s Bank of China andthe China Banking Regulatory Commission.
By the end of 2007, the bank’s total assets reached RMB912.84 billion, the outstanding balance of all deposits RMB 762.1 billion, the outstanding loan balance of domestic and foreign currency RMB 551 billion, and after-tax profit RMB5.497 billion. Shanghai Pudong Development Bank has built 30 directly subordinate branches and sub-branches, and 397 banking outlets throughout the country and a representative office in Hong Kong.
The Nanning Branch，approved by Guangxi Bureau of China Banking Regulatory Commission on October 20, 2005，is the 26thprovincial-level branch established by Shanghai Pudong Development Bank and the first branch in minority autonomous region.In accordance with the banking network planning of “based on Nanning and facing the whole region of Guangxi”,Shanghai Pudong Development Bankhas set up three branch businesses, Nanning Branch, Taoyuan Sub-branch, and Dongge Sub-branch in Nanning. Liuzhou Sub-branch is the first sub-branch set up byShanghai Pudong Development BankNanning Branch outside Nanning, which was approved bythe Guangxi Bureau of China Banking Regulatory Commission on February 2, 2008.
The address of Shanghai Pudong Development Bank Nanning Branch is 98 Minzu Road, Nanning, Guangxi Zhuang Autonomous Region. Telephone number: 0771-5800578 0771-5555808 (Fax)