The founding history of Fujian Asian Bank

Fujian Asia Bank is a Sino-foreign joint venture bank established in 1993. Established by China Bank Fujian Trust Consulting Co., Ltd. and Hong Kong Zhongya Finance Co., Ltd., with gold assets of about US$ 32.7 million at the end of 2002, the only institution is the head office in Fuzhou. At the beginning of the establishment of Fujian Asia Bank, the registered capital was 30 million US dollars, with 50% shares held by Chinese and foreign shareholders. Mr. Lin Shaoliang, a famous Indonesian Chinese businessman, served as honorary chairman, and Mr. Song Qing, former president of Fujian Branch of Bank of China, served as chairman. In the mid-1990s, both parties increased their registered capital to US$ 50 million. Shortly thereafter, the Chinese shareholder China Bank Fujian Trust Consulting Co., Ltd. was incorporated into the head office of China Bank due to the relevant regulations of the central bank, and the head office of China Bank inherited 50% equity of Fujian Trust Consulting Co., Ltd. in Fujian ADB.