Bank Of Shanghai(SH:601229) Zhong Guo Jin Rong Xin Xi Wang·2025-10-20 02:59Core Viewpoint - The article highlights the evolution and significance of Shanghai Urban Cooperative Bank, emphasizing its role in supporting local economic development and financial reform in Shanghai since its establishment in 1995 [1][4][13]. Group 1: Historical Development - Shanghai Urban Cooperative Bank originated from the urban credit cooperatives established in 1986, evolving through various stages of financial reform [1][2]. - The bank was officially established on December 29, 1995, becoming a key player in China's financial landscape [13]. - The establishment process involved integrating 99 urban credit cooperatives and required significant coordination and effort to meet the government's timeline for completion [6][8][9]. Group 2: Financial Innovation and Structure - The bank adopted a modern shareholding system, moving away from traditional cooperative structures to enhance governance and operational efficiency [14][15]. - It established a three-tiered ownership structure involving local government, enterprises, and individual shareholders, facilitating future foreign investment [14]. - The bank's management model shifted to a centralized, efficient operation, allowing for improved service delivery and operational effectiveness [14][15]. Group 3: Economic Impact and Community Engagement - Shanghai Urban Cooperative Bank expanded its services beyond small enterprises to support major urban development projects, contributing significantly to local infrastructure [16][17]. - In its first year, the bank provided substantial loans for urban renovation and transportation projects, demonstrating its commitment to regional economic growth [17]. - The bank has been recognized by the community as "Shanghai's own bank," reflecting its deep-rooted connection and contribution to the lives of local residents [19].