In August 2005, Huashang Bank became a wholly-owned holding institution of Industrial and Commercial Bank of China (Asia) Co., Ltd. (hereinafter referred to as "ICBC Asia"), and the nature of the company was changed from a Sino-foreign joint venture bank to a wholly foreign-owned bank. After repeated capital increase, the registered capital is 46,543.8+0.5 billion yuan.
2065438+On June 8th, 2008, Huashang Bank was awarded AAA main credit rating by Moody's Investors Service Company, and the rating outlook was stable.
Huashang Bank was established in June 1993. It is jointly funded by China Industrial and Commercial Bank Shenzhen Branch, Hong Kong China Travel Service Group and Bank of China, and its head office is located in Shenzhen. In August 2005, the Bank became a wholly-owned holding institution of Industrial and Commercial Bank of China (Asia) Co., Ltd. (hereinafter referred to as "ICBC Asia"), and the nature of the company was changed from a Sino-foreign joint venture bank to a wholly foreign-owned bank. The existing registered capital of the Bank is RMB 46,543.85 billion.
The bank operates foreign exchange business and RMB business for all kinds of customers within the scope stipulated in the Regulations on the Administration of Foreign Banks in People's Republic of China (PRC). The specific business scope includes: absorbing public deposits; Issue short-,medium-and long-term loans; Handle bill acceptance and discount; Buying and selling government bonds and financial bonds, and buying and selling other foreign currency securities other than stocks; Providing letter of credit services and guarantees; Handle domestic and international settlement; Buying and selling, acting as an agent to buy and sell foreign exchange; Agency insurance; Engage in interbank lending; Engaged in bank card business; Provide safe deposit box service; Providing credit investigation and consulting services; Other businesses approved by China Banking Regulatory Commission. 20 12 on may 25th, China Chengxin international credit rating co., ltd gave the bank an AA+ credit rating for its comprehensive financial strength in 20 12, and the rating outlook was stable. Through continuous efforts and steady development, the Bank's business scale has grown steadily, its business scope has been continuously expanded, and its comprehensive strength has been gradually enhanced.
As the flagship of ICBC (Asia)' s business development in China, the Bank has strong backing and strong 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.