Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has shown a mixed performance in 2024, with total assets increasing but a decline in operating revenue, while net profit has significantly risen [1][10]. Financial Performance - As of the end of 2024, SPDB's total assets reached 9.46 trillion yuan, reflecting a year-on-year growth of 5.05% [1]. - The bank achieved operating revenue of 170.748 billion yuan, which represents a decrease of 1.55% compared to the previous year [1]. - Net profit for the year was 45.835 billion yuan, marking a substantial increase of 22.46% year-on-year [1]. Shareholding Structure - The largest shareholder of SPDB is Shanghai International Group, holding a 21.57% stake as of March 2025 [1]. - Other major shareholders include China Mobile Communications Group Guangdong Co., Ltd. with 18.18%, and various insurance companies with significant holdings [1]. Organizational Changes - In 2024, SPDB underwent significant organizational restructuring, reducing the number of departments from 35 to 34 [2]. - Several departments were either merged or dissolved, while new departments such as the Technology Development Department and the Financial Technology Department were established [3][4]. Employee and Branch Network - By the end of 2024, SPDB had a total workforce of 62,987 employees [6]. - The bank operates branches in all 31 provinces of China, as well as overseas branches in Hong Kong, Singapore, and the UK [5].

Core Viewpoint - Shanghai Pudong Development Bank (SPDB) has shown a mixed performance in 2024, with total assets increasing but a decline in operating revenue, while net profit experienced significant growth [1]. Financial Performance - As of the end of 2024, SPDB's total assets reached 9.46 trillion yuan, reflecting a year-on-year growth of 5.05% [1]. - The bank achieved operating revenue of 170.748 billion yuan, which represents a decrease of 1.55% compared to the previous year [1]. - Net profit for the year was 45.835 billion yuan, marking a substantial increase of 22.46% year-on-year [1]. Shareholding Structure - The largest shareholder of SPDB is Shanghai International Group, holding a 21.57% stake as of March 2025 [1]. - The top ten shareholders include major entities such as China Mobile Guangdong (18.18%) and various subsidiaries of Fude Life Insurance [1]. Organizational Changes - In 2024, SPDB underwent significant organizational restructuring, reducing the number of departments from 35 to 34 [2]. - Several departments were either merged or dissolved, including the Asset Management Department and the Strategic Development and Promotion Department [3]. - New departments were established, such as the Technology Development Department and the Financial Technology Department [4]. Employee and Branch Network - By the end of 2024, SPDB had a total workforce of 62,987 employees [6]. - The bank operates branches in all 31 provinces of China and has international branches in Hong Kong, Singapore, and the UK [5].

Core Viewpoint - The organizational structure of the Bank of China has undergone significant changes by the end of 2024, with a reduction in the number of departments and direct institutions, reflecting a strategic shift in its operational focus [1][4]. Summary by Sections Organizational Changes - The Bank of China reduced its total number of departments from 39 to 36 and direct institutions from 9 to 8 compared to the end of 2023 [1]. - Five departments were eliminated, including the Office of Comprehensive Deepening Reform, Investment Banking Department, Global Markets Department, Corporate Architecture Construction Office, and Scene Ecology and Innovation Department [1]. - Two new departments were established: Financial Markets Department and Business Research and Development Department [1]. - Several departments underwent name changes, such as the Global Office renamed to Global Layout and Development Department, and the Investment Banking Department merged with the Corporate Finance Department to form the Corporate Finance and Investment Banking Department [1]. Direct Institutions - The direct institutions were reduced by three, with the cancellation of the Digital Asset Operation Center, Centralized Operation Center (Guangdong), and Centralized Operation Center (Hubei) [1]. - Two new institutions were established: Pension Finance Center and Remote Banking Center [1]. Institutional Overview - As of the end of 2024, the Bank of China has a total of 11,507 domestic and overseas institutions, an increase of 22 from the end of 2023, with 10,964 domestic and 543 overseas institutions [4]. - The number of secondary branches increased by one to 373, while the number of grassroots branches decreased by 21 to 9,867 [4]. Workforce - The total number of employees at the Bank of China reached 312,800 by the end of 2024, an increase of 5,826 from the previous year [4]. - The gender distribution among employees is 57.24% female and 42.76% male [4].