2010 65438+February 2 1 Shanghai Pudong Development Bank announced in the evening that on June 65438+February 18, the company signed the Sponsor Agreement with Silicon Valley Bank of the United States, and planned to set up a joint venture bank dedicated to serving small and medium-sized technology enterprises in China. In 2008, Silicon Valley Bank aimed at the guarantee business for the first time and invested in Zhejiang Zhongxin Lihe Guarantee Co., Ltd. ..

In 2009, through cooperation with Yangpu District, Shanghai, Silicon Valley Bank successfully obtained a stepping stone to further penetrate the China market, set up a Shanghai office, and helped the Yangpu District Government to manage a number of funds. August 201February 15, Shanghai Pudong silicon valley bank officially opened, with its headquarters in Yangpu district, Shanghai.

Bank-related events

In the early morning of March 10, 2023, many top American venture capital companies, including Coatue and Founders Fund, suggested to the invested enterprises that they should carefully consider withdrawing funds from the country in the case of increasing concerns about the stability of SVB. On March 10, local time, according to the statement issued by the Federal Deposit Insurance Corporation, the California Department of Financial Protection and Innovation announced the closure of Silicon Valley Bank in the United States on the same day, and appointed FDIC as the bankruptcy administrator and the Federal Deposit Insurance Corporation as the receiver.

March 12, 2023 According to Bloomberg, citing people familiar with the matter, the American regulatory agency responsible for supervising the emergency spin-off of Silicon Valley Bank Financial Group is urgently selling the bank's assets and returning some unsaved funds to customers as soon as Monday local time.

Reference to the above content: Baidu Encyclopedia-Silicon Valley Bank