SPD BANK(SH:600000) Xin Lang Cai Jing·2025-08-13 00:08Core Viewpoint - After four years of establishment, Pudong Development Bank Financial Technology Co., Ltd. (Pudong Jin Ke) officially commenced operations, marking a significant step for bank-affiliated technology companies in China [1][3]. Group 1: Company Overview - Pudong Jin Ke was established in May 2021 but only began operations on August 5, 2023, indicating a gradual rollout of its related business activities [3][4]. - The company has a registered capital of 1 billion RMB and is controlled by Pudong International Investment (China) Co., Ltd. [3]. Group 2: Strategic Focus - Pudong Jin Ke aims to serve the group and its clients by focusing on three main areas: 1. Building an IT shared service center model for group subsidiaries to support intelligent application expansion [3]. 2. Supporting non-transactional business system construction for overseas branches to enhance innovation and competitive differentiation [3]. 3. Collaborating with the parent bank to identify non-banking business scenarios and create a platform for corporate client empowerment [3]. Group 3: Industry Context - The establishment of bank-affiliated technology subsidiaries has been ongoing since November 2015, with over 25 such companies now in existence [6][5]. - The pace of new technology subsidiary formations has slowed, with only one new company established in 2022 and 2023, and none projected for 2024 [7][5]. Group 4: Financial Technology Investment - Pudong Development Bank is focusing on digital financial transformation, with 2025 designated as a "strategic enhancement year" [4]. - In 2023, the bank served 50,000 technology enterprises, a 42% increase from the previous year, and its technology financial loan scale reached 602.4 billion RMB, up 20.48% year-on-year [4].