Shanghai Rural Commercial Bank

What Shanghai Rural Commercial Bank does

Shanghai Rural Commercial Bank (上海农商银行, SHRCB) is a publicly listed, state-linked Chinese commercial bank headquartered in Shanghai. Founded in August 2005 through the restructuring of the Shanghai Rural Credit Union, it became China's first provincial-level rural commercial bank and listed A-shares on the Shanghai Stock Exchange (ticker: 601825) on August 19, 2021. The bank operates an extensive physical distribution network of 360+ branch outlets achieving 100% coverage of Shanghai's administrative towns and townships, supplemented by 1,000+ 'Heart Home' (心家园) community service stations, subsidiaries including 35 village banks across Shandong, Hunan, and Yunnan, and a wholly-owned financial leasing arm (Changjiang United Financial Leasing). It employs approximately 11,800 staff as of Q3 2025.

The bank's product platform spans three core business units — Corporate Banking (deposits, loans, supply chain finance, trade finance, cross-border finance, treasury management), Personal Banking (deposits, mortgage and consumption loans, wealth management, debit/credit cards), and Financial Markets (money market and FX trading, bond investments, asset custody) — alongside four strategic verticals: Inclusive Finance (SME loans under RMB 10 million), Green Finance (sustainability-linked loans, carbon rights pledges), Science & Technology Innovation Finance (full-cycle support from tech-transfer to IPO), and Pension Finance. Core technology is a conventional integrated core banking system supporting online, mobile, and WeChat banking channels, with branded sub-products such as 鑫意理财 (proprietary wealth management), 鑫e贷 (online personal loans), 鑫动能 3.0 (tech enterprise program), 绿鑫同舟 (green finance), and 鑫链全球 (cross-border services).

SHRCB generates revenue through traditional banking economics: net interest income from deposits and loans (corporate and retail), fee and commission income from wealth management, transaction banking, trade finance, and asset custody, plus trading income from financial markets activities. Distribution is hybrid: physical branches for relationship-heavy SME and elderly segments, digital channels for self-service retail banking, and community service stations for financial inclusion. Strategic investors include ANZ (2006), China COSCO Shipping, and Baoshan Iron and Steel (2017). Designated milestones include LPR quoting bank status (2019, one of 20 nationally), first CIPS direct participant among rural credit institutions (2024), MSCI ESG AA rating (2025), and full inclusion in CSI 300 and SSE 180 indices (2025). The bank reported a 1.2% YoY increase in Q3 2025 net profit, signaling a mature, low-single-digit profit-growth profile typical of established Chinese regional commercial banks.

Name

Shanghai Rural Commercial Bank

Legal name

Shanghai Rural Commercial Bank Co., Ltd.

Website

https://srcb.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shanghai Rural Commercial Bank (SHRCB) is a publicly listed Shanghai-headquartered Chinese commercial bank founded in 2005, operating 360+ branches and 1,000+ community service stations to serve retail customers, small/micro enterprises, and corporate clients across personal banking, corporate banking, and specialized finance verticals including green, tech-innovation, and pension finance.

Ownership category

akta.pro rank

Product category

Retail & Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159), Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Savings Banks (Public/State-Owned) (FSABAKAK), Islamic Corporate Banking (FSABAGAC), Municipal/Local Government Development Banks (FSABAKAI), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

Keywords

• Retail banking
• Corporate banking
• Wealth management
• Agricultural finance
• Inclusive finance

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Corporate Banking: Corporate deposits, corporate loans, supply chain finance, trade finance, and treasury services for business customers
2. Personal Banking: Personal deposits, personal loans (including mortgage, consumption, and agricultural loans), wealth management products, credit cards, and debit cards
3. Financial Markets Operations: Money market trading, foreign exchange trading, bond investments, and asset custody services

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Shanghai Rural Commercial Bank operates as a state-controlled commercial bank providing comprehensive banking services through personal banking (deposits, loans, wealth management, debit/credit cards), corporate banking (deposits, loans, supply chain finance, trade finance, treasury management, bond underwriting), inclusive finance for small/micro enterprises and farmers, and specialized segments including green finance, technology innovation finance, pension/elderly finance, and financial market operations. The bank distributes services via 360+ branches and digital channels across Shanghai.

Product overview

Shanghai Rural Commercial Bank (SHRCB/上海农商银行) operates a comprehensive banking platform with multiple product lines serving both personal and corporate customers. The core offerings include personal business (wealth management, personal loans, deposits, debit/credit cards), corporate business (enterprise deposits, supply chain finance, trade finance, cross-border finance, treasury management), inclusive finance (agriculture/rural, micro/small enterprise loans), and featured business (green finance, technology/innovation finance, pension finance, financial markets, asset custody). Key branded products include 鑫意理财 (proprietary wealth management), 鑫e贷/商e贷 (online lending), 鑫动能3.0 (tech enterprise program), 绿鑫同舟 (green finance brand), 心家园 (community services), and 鑫链全球 (cross-border services). The bank serves retail customers through multiple card products and digital channels, while providing specialized financial solutions for agriculture, technology, and sustainable development sectors.

Differentiator

Problem solved

Functional benefit

Brands

• 鑫意理财 (Xinyi Wealth Management): Proprietary wealth management products
• 心家园 (Xin Jia Yuan)
• 绿鑫同舟 (Lv Xin Tong Zhou)
• 鑫链全球 (Xin Lian Quan Qiu)
• 鑫动能+ (Xin Dong Neng+)

Products and services

• Personal Wealth Management (个人理财)
• Personal Loans (个人贷款)
• Personal Deposits (个人存款)
• Debit Cards (借记卡)
• Credit Cards (信用卡)
• Corporate Banking (企业业务)
• Supply Chain Finance (供应链金融)
• Treasury Management (财资管理)
• Cross-border Finance (跨境金融)
• Inclusive Finance (普惠金融)
• Agriculture & Rural Finance (三农金融)
• Green Finance (绿色金融)
• Technology & Innovation Finance (科创金融)
• Pension Finance (养老金融)
• Financial Markets (金融市场)
• Asset Custody (资产托管)
• Trade Finance (贸易金融)
• Bill Business (票据业务)
• AI Industry Financial Solution (人工智能产业金融方案)
• OPC Comprehensive Financial Solution (OPC综合金融方案)

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Changjiang United Financial Leasing Co., Ltd. (长江联合金融租赁有限公司)coreStrategic or Co-development Partner · 1 January 2015Subsidiary established by Shanghai Rural Commercial Bank in 2015 as a financial leasing company providing equipment financing and lease services to enterprises
• Australia and New Zealand Banking Group (ANZ)coreStrategic or Co-development PartnerInternational strategic investor introduced in 2006, bringing international banking expertise and cross-border finance capabilities
• COSCO Shipping Ports Perú S.A.minorStrategic or Co-development PartnerInternational infrastructure partnership related to Chancay Multipurpose Port Terminal in Peru with Chinese investment and strategic connectivity
• 35 Village Banks (控股村镇银行)coreStrategic or Co-development PartnerSubsidiary village banks established in Shandong, Hunan, and Yunnan provinces in 2012 extending financial services to rural areas

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bank of Shanghai: Bank of Shanghai (601229) is a Shanghai-headquartered city commercial bank and the most direct competitor to SHRCB. Both serve Shanghai retail and SME customers through similar branch networks, compete for the same municipal corporate deposits and loans, and operate under comparable regulatory frameworks. Closest peer given identical geography and overlapping customer segments.
• Bank of Beijing: Bank of Beijing (601169) is a Beijing-headquartered city commercial bank operating as a regional municipal bank. Directly comparable as a city-level commercial bank serving retail, SME, and corporate customers in a single major Chinese city under similar regulatory and economic conditions.
• Chongqing Rural Commercial Bank: Chongqing Rural Commercial Bank (601077) is one of the largest rural commercial banks in China and the most direct rural commercial bank peer to SHRCB. Both focus on agricultural lending, rural credit, and serving as the lead rural financial institution in their respective provinces with comparable product sets and target customers.
• Guangzhou Rural Commercial Bank: Guangzhou Rural Commercial Bank (01551) is another major rural commercial bank in southern China with similar focus on agricultural lending, inclusive finance, and serving as the primary rural financial institution in Guangdong Province. Directly comparable rural commercial bank peer with similar product offerings.

Regional players

• Bank of Jiangsu: Bank of Jiangsu (600919) is a leading regional commercial bank serving Jiangsu Province with similar product offerings in retail, SME, and corporate banking. Comparable in business model and target segments, but operates in a different geography (Yangtze River Delta region adjacent to Shanghai) and is significantly larger by total assets.
• Bank of Nanjing: Bank of Nanjing (601009) is a regional commercial bank headquartered in Nanjing with a comparable retail and SME banking franchise. Similar business model and regulatory environment, but operates in Jiangsu Province rather than Shanghai, making it a regional peer with comparable offerings rather than a direct competitor.
• Bank of Ningbo: Bank of Ningbo (002142) is a high-performing regional commercial bank serving Zhejiang Province with strong retail and SME banking. Highly comparable business model, but operates in a different geographic market within the Yangtze River Delta region.
• Hangzhou Bank: Hangzhou Bank (600926) is a regional commercial bank serving Zhejiang Province with strong digital banking capabilities and tech enterprise lending. Comparable business model and Yangtze River Delta region focus, but operates in a different geography (Hangzhou rather than Shanghai).

Broad incumbents

• Postal Savings Bank of China: Postal Savings Bank of China (601658) is one of China's largest state-owned banks with the most extensive rural distribution network. Serves similar customer segments (rural residents, farmers, small businesses) but operates nationally with much larger scale and broader product capabilities, making it an incumbent competitor rather than a focused peer.
• Industrial and Commercial Bank of China (ICBC): ICBC (601398) is the world's largest bank by assets and a state-owned commercial bank with significant Shanghai operations. Competes with SHRCB for large corporate clients and Shanghai deposits, but operates across all of China and globally with substantially broader product capabilities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shanghai Rural Commercial Bank