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China Zheshang Bank

China Zheshang Bank

About bank

As the twelfth shareholding commercial bank to be approved by China Banking Regulatory Commission in the nation, China Zheshang Bank Co.,Ltd has a registered capital of 5.2 billions yuan and is headquartered in Hangzhou. It began to operate on 18th, August, 2004. China Zheshang Bank was called formerly Zhejiang Commercial Bank, which was a joint venture bank with foreign capital set up in Ningbo in 1993. On 30th, June, 2004, approved by CBRC, the bank was reconstructured, renamed and relocated. And now, China Zheshang Bank is a shareholding bank with 19 shareholders and has a regulatory capital of 11.4 billions. Among all the shareholders, 18 are private companies, accounting for 85.71% of the total capital, and three are three largest shareholders.
 
China Zheshang Bank has a market position of one main body with two wings (the main body which is the company's main business is corporate banking and the two wings being the secondary business segment are small business banking and investment banking). It follows the path of developing from learning, innovate during the development, lead by innovation and grow by leading. Step by step, we aim for striking an optimum balance among asset, scale of business, specialty, quality and return. The goal is to become a top national commercial bank with excellent operating management, distinguished features, outstanding performance and some international influences. By the end of 2009, we had a total asset of 151.9 billions (unaudited figures, same with the below). Amount of deposit was 121.2 billions and amount of loan was worth 87.4 billions. China Zheshang Bank has adequate capital, quality asset and excellent operating return.
 
Our value: To create value and aim higher
 
Our spirit: Responsibility, Honesty, Professionalism, Communication, Innovation
 
After the reconstructuring, our business is called Zheshang Bank. Zheshang, which literally means Zhejiang businessman, has carried far more meaning than referring to the businesspersons in our province. The significance of naming our company Zheshang Bank has three folds.
l         Strength of Zhejiang businessman: Funded by the businessmen of Zhejiang, the bank inherits fine operating philosophy and operating style from its Zhejiang founders.
l         Brand of Zhejiang: People can easily tell from the name that the bank was founded by businessmen from Zhejiang: The favourable image of the province's economy and financial service will benefit the bank's operation across the country.
l         Transition: Also short for Zhejiang Commercial Bank, Zheshang represents an important transition period, linking the history and leading to the future.
 
 Structure of Corporate Governance
Formed by all the shareholders of Zheshang Bank, the shareholder meeting is on the top of the hierarchy and elects the board of supervision and the board of directors who hires the bank's governor.
l         Shareholder meeting: It sits on the top of the company's hierarchy, with the authority of making the most important decisions and electing the management
l         Board of directors: It has 15 executives with 3 independent one. Under the board, there are Strategic Committee, Audit Committee, Risk and Related Transaction Control Committee and Remuneration Committee
l         Board of supervision: It has 10 directors. Out of them, four of them come from shareholders, two are external directors and the other four are employees.
l         Governor: He/she is responsible for daily operating management of the bank. 

Corporate Culture
Our Vision: To be a top national commercial bank with distinguished features, outstanding operating performance and some international influences
Our Missions: To create more value for our clients with our financial services,
More channels: provide our clients with more fast and flexible financing channels to tailor clients' financing needs
Higher return: help our clients reduce their financing cost and increase their return by improving our comprehensive financial service
Better service: enable our service to be more market-oriented and client-oriented by building a more effective service chain
Our Value: to create value and aim higher,
To be specific, we will create value for our clients via quality financial services and consequently create value for the organisation and our employees,
 
As a burgeoning commercial bank, we always try to be a better team, to have better service, to achieve better financial performance, to catch up with our peers, to overtake our peers and to finally lead them.