Shanghai International Group holds nearly 25% of the shares of Shanghai Pudong Development Bank, and its holding Shanghai International Trust also holds more than 5.23% of the shares of Shanghai International Trust, and Shanghai International Group holds 66.33% of the shares of Shanghai International Trust. If Shanghai Pudong Development Bank and Shanghai Trust implement a holding merger, it will be a business merger under the same controlling stake.

After the Shanghai Trust Transaction is completed, Shanghai Pudong Development Bank will become the fourth commercial bank with a trust license in China, which will not only help to make up for the company's shortcomings in asset management, but also greatly enhance the company's financial integration and asset securitization service capabilities. At the same time, after the acquisition, Shanghai Pudong Development Bank will not only adapt to building an important financial flagship enterprise in Shanghai to build an international financial center, but also accelerate the completion of the full license strategy of Shanghai Pudong Development Bank.

In addition to the valuable trust license, Shanghai International Trust also holds shares of listed companies such as Lujiazui and Aijian, as well as 565,438+0% shares of Shangtou Morgan Fund Management Co., Ltd., 65,438+000% shares of Shangxin Asset Management Co., Ltd., 20% shares of Huaan Fund Management Co., Ltd. and 33.33% shares of Shanghai Securities. If Shanghai Trust is wholly controlled by Shanghai Pudong Development Bank, then Shanghai Pudong Development Bank can indirectly hold the licenses of asset management companies, securities companies and fund companies as well as trust licenses. At present, in addition to controlling Puyin AXA Fund Management Co., Ltd., Puyin Financial Leasing Co., Ltd. and the 265,438+0 Pudong Development Village Banks initiated by them, Shanghai Pudong Development Bank also owns 30% equity of Huayi Bank and 50% equity of Pudong Development Silicon Valley Bank. Not long ago, Shanghai Pudong Development Bank also acquired the equity of Hong Kong South Asia Investment Management Co., Ltd. 100%. The road to full license of Shanghai Pudong Development Bank is about to be completed.