In this regard, the relevant person of Shanghai Bank said that the information was a rumor.
"This rumor has seriously damaged our reputation. Our bank has officially reported the case to the public security organ and will investigate the legal responsibility of the rumors. " The above-mentioned person further stated that the "wealth management fund" involved in the rumor is not a wealth management product issued by a bank, nor a wealth management product sold by a bank, but a private equity investment fund issued by three private equity fund managers under Fuxing Group; This bank is just one of many custodian banks in Shanghai.
A related person from Shanghai Bank said: "In the early stage, investors have expressed their rights protection demands to regulators, public security organs and industry associations in various ways. Recently, some investors suggested that the custodian bank should fulfill the demands beyond the statutory duties of the custodian bank, such as "convening the holders' meeting" and "preserving assets". Banks have explained to investors through various channels and ways. "
Regarding the legal obligations of private equity fund custodian banks, Bu Xiangrui, chief legal adviser of China Banking Association, pointed out that private equity fund custodian banks have clear rights and responsibilities and do not bear the same fiduciary responsibilities according to law.
Bank of Shanghai Limited, referred to as "Shanghai Bank", was established on February 29th, 65438 1995, and its head office is located in Shanghai. It is a listed company on the main board of Shanghai Stock Exchange.
At present, Shanghai Bank has set up branches in Shanghai, Beijing, Shenzhen, Tianjin, Chengdu, Ningbo, Nanjing, Hangzhou, Suzhou, Wuxi, Shaoxing, Nantong, Changzhou and Yancheng, forming the layout framework of the Yangtze River Delta, Bohai Rim, Pearl River Delta and key cities in the central and western regions; Initiated the establishment of four village banks, including Bank of Shanghai Fund Management Co., Ltd. and Bank of Shanghai (Hong Kong) Co., Ltd., and was approved to establish consumer finance companies, and established correspondent bank relations with nearly 1500 domestic and foreign banks and their branches in more than 20 countries and regions around the world.