Approved by the People's Bank of China Yin Fu (1992) No.350, 1992 10 by Shanghai Finance Bureau, Shanghai International Trust and Investment Corporation, Shanghai Jiushi Company, Shenneng Co., Ltd., Baoshan Iron and Steel General Factory, Shanghai Automobile Industry Corporation, Shang Ling Refrigerator General Factory, Shanghai Airlines, China Textile Machinery Co., Ltd., Minhang United Development Co., Ltd., Jinjiang (Group) Associated Company, Lujiazui Financial and Trade Zone Development Company, Waigaoqiao Jinqiao Export Processing Zone Development Company, Shanghai Shenshi Company, Shanghai No.1 Department Store Co., Ltd., Shanghai Railway Bureau and other 18 units as sponsors are joint-stock commercial banks established by directional fundraising.
1992 10 10/9, Shanghai Administration for Industry and Commerce issued the Business License for Enterprise as a Legal Person, which was officially opened in 199319 10 with registered capital.