Bank of Shanghai approves multiple related-party transactions

Bank of Shanghai [SSE:601229] announced the approval of several related-party transactions during its second board meeting of 2025. Key approvals include the absorption of deposits from Shanghai United Investment and related entities, capped at RMB 10 billion, and from Shanghai International Port Group (SIPG) and its affiliates, with a limit of RMB 15 billion. The board also approved adjusting the upper limit of the main business variety of credit granting to SIPG. A RMB 5 billion deposit absorption from China Construction Investment and related enterprises was agreed upon. Furthermore, the board approved adjustments to the loan pricing for Shanghai International (Shenzhen). Additionally, a RMB 10 billion credit facility was granted to Shangcheng Consumer Finance and the board approved signing a RMB 5 Billion agreement with Shanghai Bank Wealth Management. These transactions, falling within the bank's normal business operations, were approved by the independent directors and will run until March 31, 2026.