Shanghai Rural Commercial Bank Co., Ltd. (referred to as “SHRCB” hereinafter) was established on August 25th 2005. It is a state-owned bank headquartered in Shanghai and was reincorporated from Rural Credit Cooperatives. On August 19th, 2021, the Bank was successfully listed on the main board of the A-share market (601825A). Currently, SHRCB has over 360 outlets and over 10,000 employees. The bank group also holds the controlling share in 35 village banks and 1 financial leasing company.
With the mission "Inclusive Finance Delivers Better Life", SHRCB is dedicated to building robust financial service systems including retail banking, corporate finance, inclusive finance, sci-tech innovative finance, and sustainable finance, thus consistently contributes to rural revitalization, pension finance,ESG,and the integrated development of the Yangtze River Delta region.
In 2023, SHRCB achieved another successful year, reaffirming its position as one of the top medium-sized banks in China:
1. 174th in the "Brand Finance Banking 500 2024"
2. 128th in the "Top 1000 World Banks 2024" by The Banker magazine (U.K.)
3. 23rd in the "2023 China Top 100 Banks"
4. 310th in the "2023 Fortune China Top 500"
5. 1st of urban rural commercial banks in GYROSCOPE Evaluation System by China Bank Association
SHRCB maintained a good credit standing for consecutive years, the bank received a long-term issuer credit rating of "BBB" with a "stable" outlook and short-term issuer credit rating of "A-2" from S&P Global in 2023. The bank also retained an "AAAspc" credit rating from S&P China.