Shaoxing Hengxin Cooperative Bank was founded in December 1997. It has gone through two major institutional reforms. The first reform was on January 6, 2005, when it was restructured from Shaoxing Yuecheng Rural Credit Union Cooperative. Shaoxing Urban Rural Credit Cooperative Cooperative, the second reform was on June 2, 2008, when it was transformed from Shaoxing Urban Rural Credit Cooperative Cooperative into Shaoxing Hengxin Cooperative Bank.