Joke Collection Website - Bulletin headlines - Why is the Korean flag erected in front of the Shanghai Pudong Development Bank in Wuhan?
Why is the Korean flag erected in front of the Shanghai Pudong Development Bank in Wuhan?
Shanghai Pudong Development Bank (referred to as: Pudong Development Bank) was established with the approval of the People's Bank of China on August 28, 1992, opened on January 9, 1993, and was listed on the Shanghai Stock Exchange in 1999 (stock (Trading code: 600000) is a state-controlled national joint-stock commercial bank with its head office in Shanghai. At the end of December 2010, the company's total assets reached RMB 2,162.1 billion, the balance of domestic and foreign currency loans was RMB 1,146.5 billion, the balance of various deposits was RMB 1,638.7 billion, and the after-tax profit was RMB 19.076 billion. Adhering to the business philosophy of "adhering to integrity and creating excellence", Shanghai Pudong Development Bank actively explores financial innovation, continues to expand its asset scale, and continuously enhances its operating strength. Since its listing, Shanghai Pudong Development Bank has been rated as one of the "Top 100 Listed Companies in China" by Asia Weekly and one of the "Top 500 Chinese Brands" by the China Brand Value Research Institute for many years in a row. Shanghai Pudong Development Bank will continue to promote financial innovation and strive to become a modern financial services enterprise with core competitive advantages. In 2015, Shanghai Pudong Development Bank's asset size and operating income both achieved double-digit growth. Among them, the asset size increased by 20.19% from the end of 2014 to 5.04 trillion yuan; operating income was 146.543 billion yuan, a year-on-year increase of 18.97%. In terms of the widely watched non-performing loan ratio, Shanghai Pudong Development Bank's non-performing loan ratio at the end of 2015 was 1.56%, an increase of 0.5 percentage points from the beginning of the year. The overall asset quality is good and it maintains a strong ability to resist risks. In August 2016, Shanghai Pudong Development Bank ranked 49th among the "Top 500 Chinese Enterprises 2016". In 2010, Shanghai Pudong Development Bank achieved an operating income of 49.856 billion yuan, an increase of 13.032 billion yuan or 35.39% over 2009; a pre-tax profit of 25.281 billion yuan, an increase of 7.985 billion yuan or 46.17% over 2009; after-tax profits were attributed to listed companies. Shareholders' net profit was 19.177 billion yuan, an increase of 5.961 billion yuan over 2009, an increase of 45.10%. During the reporting period, the company's steady expansion of deposits and loans, gradual increase in net interest margin, significant increase in fee-based business income, effective control of costs and expenses, and continued improvement in asset quality were the main driving factors for profit growth. As the company's profits increased, the company's return on average assets (ROA) was 1.01% in 2010, an increase of 0.11 percentage points from the same period last year; as the company promptly replenished capital through private placement in October 2010, the return on equity Diluted, the company's weighted average return on equity (ROE) in 2010 was 23.27%, a decrease of 2.59 percentage points from the same period last year. During the reporting period, the company continued to work hard to control various costs and expenses. During the reporting period, the company's cost-to-income ratio was 33.06%, which continued to decrease by 2.93 percentage points from 35.99% in the previous year.
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