Bank Of Shanghai(SH:601229) Zhong Guo Jin Rong Xin Xi Wang·2025-09-19 08:26Core Insights - The article highlights the evolution of Shanghai Bank from its inception as the first urban credit cooperative in 1986 to its current status as a significant financial institution supporting local economic development [1][2][3] Historical Development - Shanghai Bank began as the first urban credit cooperative in December 1986, established to serve small collective and individual enterprises during the economic reforms [4][5] - The bank was officially named Shanghai Bank in 1998 after the merger of 99 urban credit cooperatives into the Shanghai Urban Cooperative Bank in 1995 [1][17] Mission and Values - The bank's mission has remained consistent: "Finance makes life better," emphasizing its commitment to supporting small and micro enterprises and local economic growth [2][3] - The bank's approach is characterized by personalized service, focusing on understanding and meeting the needs of small businesses [12][14] Service to Small Enterprises - The bank was created to address the financial challenges faced by small enterprises, which struggled to access services from larger state-owned banks [7][8] - Within its first year, the bank issued 206 loans totaling 25.4 million yuan, demonstrating its commitment to supporting small businesses [17] Community Impact - The bank's support has enabled small enterprises to grow, with notable examples including the transformation of a small production group into a well-known company that later invested in local sports [17] - The bank's evolution reflects the broader trend of financial institutions adapting to meet the needs of the local economy, showcasing the importance of responsive financial services in urban development [1][17]