According to Aiqi, Ningbo Shang Tong Bank was formerly known as Ningbo International Bank, and 1993 was controlled by Indonesian Guangjin Group. It is the first foreign bank in Zhejiang Province.
Since 2009, Ningbo Port Group has acquired 20% equity of Indonesian International Bank, reorganized with 12 shareholders to become Ningbo Shang Tong Bank, and was formally established on April 20 12.