Founded in 1993 and headquartered in Shenzhen, Huashang Bank is the first wholly foreign-owned bank with legal personality in Shenzhen. In August 2005, China Industrial and Commercial Bank of China (Asia) Co., Ltd., a listed bank in Hong Kong, acquired all the shares of Huashang Bank, which became a wholly-owned subsidiary of China Industrial and Commercial Bank of China (Asia) Co., Ltd. in China. From June, 5438 to February, 2006, with the approval of China Banking Regulatory Commission, Huashang Bank was allowed to operate RMB and foreign currency business for domestic enterprises and RMB business for foreigners, and became the most important base for China Industrial and Commercial Bank of China (Asia) Co., Ltd. to expand its business in Chinese mainland.
Huashang Bank has strong backing and support in customer resources, product development, business development, fund settlement and system support, and actively carries out strategic cooperation and business linkage with Industrial and Commercial Bank of China and ICBC (Asia), constantly striving to provide professional and high-quality financial services to customers and strive to become a valuable and distinctive foreign-funded corporate bank in China.
Relying on the advantages of spanning Shenzhen and Hong Kong and connecting domestic and overseas markets, Huashang Bank closely followed the national strategy, focused on the construction of pilot demonstration zones in Guangdong-Hong Kong-Macao Greater Bay Area and Shenzhen, and continued to strengthen strategic coordination and business linkage with ICBC Group. The overall business performance remained stable, and the risk prevention and control capability continued to increase.