Shanghai Pudong Development Bank Co., Ltd.: Recent Corporate and Market Developments

1. Corporate Governance Actions

  • Board of Directors Meeting (12th Meeting, 2025) On 25 November 2025, the bank’s Board of Directors convened by written notice and electronic email (notice issued 19 November). All 12 directors attended, and the meeting’s resolutions were announced under the code 临2025‑071. The announcement confirms that the contents of the resolution are truthful and complete, with all directors assuming legal responsibility for accuracy.

  • Deputy Chairman Appointment Approval On 28 November 2025, the bank announced that the qualifications of its deputy chairman had been approved by the relevant authority. The official notice, available through the link provided by Xueqiu, confirms that the deputy chairman’s status has been formally sanctioned, thereby strengthening the bank’s leadership structure.

2. Regulatory and Compliance Matters

  • Penalty at Dragon Rock Branch On 25 November 2025, the National Financial Supervision Administration’s Longyan Financial Supervision Bureau publicly disclosed a fine of 700,000 CNY imposed on Shanghai Pudong Development Bank’s Longyan branch. The penalty resulted from shortcomings in pre‑loan due diligence and post‑loan management. The branch’s client manager, Liao Wenyue, received a formal warning. This action highlights the bank’s ongoing effort to tighten risk controls and compliance.

3. Product and Service Adjustments

  • Withdrawal of Five‑Year Large‑Deposit Certificates According to a report published on 27 November 2025, Shanghai Pudong Development Bank has removed its five‑year large‑deposit certificates from both its mobile banking platform and official website. This move mirrors a broader industry trend, as other major state‑owned and joint‑stock banks (e.g., China Construction Bank, Industrial Bank Co., China Merchants Bank, and China CITIC Bank) have also withdrawn similar products. The bank’s remaining large‑deposit offerings are limited to shorter terms (e.g., 3‑month and 12‑month products), reflecting a shift toward more flexible, short‑term deposit instruments.

4. Market‑Related Activities

  • Participation in Vanke Bond Holders’ Meeting On 26 November 2025, the bank announced that it would convene the holders’ meeting for Vanke Enterprise Co., Ltd.’s 2022 fourth‑phase medium‑term note (22 Vanke MTN004) on 10 December 2025. The purpose of the meeting is to discuss the extension of the bond’s maturity, thereby ensuring orderly principal and interest repayment. The 22 Vanke MTN004 note carries a remaining balance of 2 billion CNY, with principal repayment scheduled for 15 December 2025. The bank’s role as convening authority underscores its involvement in the corporate bond market.

5. Stock Market Performance

  • The bank’s share price closed at 11.62 CNY on 26 November 2025.
  • The 52‑week high and low for the year are 14.8 CNY (7 July 2025) and 9.37 CNY (1 December 2024), respectively.
  • The market capitalization stands at approximately 389 billion CNY, and the price‑earnings ratio is 8.36.

These developments illustrate Shanghai Pudong Development Bank’s active governance, regulatory compliance, product strategy adjustments, and participation in corporate bond markets, all of which influence its operational profile and investor perception.