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Banking

SCSB’s Strategic Alliance “3 Shanghai Banks”

Published by Gbaf News

Posted on August 27, 2013

2 min read

· Last updated: September 2, 2013

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To take advantage of the trends of cross-strait financial deregulation and enhance the competitive advantage of financial operations in the Taiwan-China-Hong Kong area, the Shanghai Commercial & Savings Bank (SCSB) has formed a strategic alliance with Bank of Shanghai in China and the Shanghai Commercial Bank in Hong Kong since 2000 in areas of businesses including remittance, foreign exchange, trade finance and syndicated loans. SCSB also works closely with these banks on employee development, mutual corporate image, and partnership in credit card and wealth management services.
The 3 banks complement one another in operations through a close-knit cooperation. With a shared corporate image, same uniform and networks worldwide, the 3 banks have built an optimal financial service platform spanning the Taiwan-China-Hong Kong area. Currently, the 3 banks have about 400 service locations worldwide, with about 13,000 employees and US$ 160 billion in total assets. SCSB has always enjoyed an advantage in foreign exchange and cross-strait finance totally US$300 billion annually. It makes further use of the service platform built on the “3 Shanghai Banks” strategic alliance to provide differentiated and distinguished financial service to superior customers worldwide.

the scsb

the scsb

To take advantage of the trends of cross-strait financial deregulation and enhance the competitive advantage of financial operations in the Taiwan-China-Hong Kong area, the Shanghai Commercial & Savings Bank (SCSB) has formed a strategic alliance with Bank of Shanghai in China and the Shanghai Commercial Bank in Hong Kong since 2000 in areas of businesses including remittance, foreign exchange, trade finance and syndicated loans. SCSB also works closely with these banks on employee development, mutual corporate image, and partnership in credit card and wealth management services.
The 3 banks complement one another in operations through a close-knit cooperation. With a shared corporate image, same uniform and networks worldwide, the 3 banks have built an optimal financial service platform spanning the Taiwan-China-Hong Kong area. Currently, the 3 banks have about 400 service locations worldwide, with about 13,000 employees and US$ 160 billion in total assets. SCSB has always enjoyed an advantage in foreign exchange and cross-strait finance totally US$300 billion annually. It makes further use of the service platform built on the “3 Shanghai Banks” strategic alliance to provide differentiated and distinguished financial service to superior customers worldwide.

the scsb

the scsb

Key Takeaways

  • SCSB, Bank of Shanghai, and Shanghai Commercial Bank Hong Kong formed a strategic ‘Tri‑Bank’ alliance since 2000 to streamline cross‑strait finance.
  • The alliance ensures seamless service for remittances, trade finance, foreign exchange, credit cards and wealth management across Greater China.
  • Customers benefit from a unified brand, uniforms and an integrated ‘Green Channel’ platform.
  • The network spans over 400 outlets worldwide across Greater China and abroad, enhancing global reach.

References

Frequently Asked Questions

What is the ‘Three Shanghai Banks’ alliance?
It’s a strategic cooperation formed in 2000 between Shanghai Commercial & Savings Bank (Taiwan), Bank of Shanghai (Mainland China) and Shanghai Commercial Bank (Hong Kong) to offer integrated cross‑strait services.
What services does the alliance provide?
It offers unified services including remittances, foreign exchange, trade finance, syndicated loans, credit cards, wealth management and corporate finance.
How extensive is the network?
The alliance operates over 400 service outlets worldwide, covering Greater China, Southeast Asia, the US and the UK.
What is the ‘Green Channel’?
The Green Channel is a premium one‑stop banking platform under the alliance providing privileged cross‑strait services across corporate and personal banking.

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