Xiamen International Bank (XIB) was established in August 1985 as the first joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 in China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

 with capital of RMB 1.069 billion.

Locations

XIB is based in Xiamen

Xiamen

Xiamen , also known as Amoy , is a major city on the southeast coast of the People's Republic of China. It is administered as a sub-provincial city of Fujian province with an area of and population of 3.53 million...

, Fujian Province

Fujian

' , formerly romanised as Fukien or Huguing or Foukien, is a province on the southeast coast of mainland China. Fujian is bordered by Zhejiang to the north, Jiangxi to the west, and Guangdong to the south. Taiwan lies to the east, across the Taiwan Strait...

, which also operates subsidiaries including Xiamen International Investment Limited (XIIL) in Hong Kong

Hong Kong

Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...

 and Luso International Banking Limited (LIB) which runs 11 branches in Macau

Macau

Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...

.

In Mainland China, XIB operates branches and multiple sub-branches in cities including Beijing

Beijing

Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...

, Shanghai

Shanghai

Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...

, Fuzhou

Fuzhou

Fuzhou is the capital and one of the largest cities in Fujian Province, People's Republic of China. Along with the many counties of Ningde, those of Fuzhou are considered to constitute the Mindong linguistic and cultural area....

, Zhuhai

Zhuhai

Zhuhai is a prefecture-level city on the southern coast of Guangdong province in the People's Republic of China. Located in the Pearl River Delta, Zhuhai borders Jiangmen to the northwest, Zhongshan to the north, and Macau to the south. Zhuhai was one of the original Special Economic Zones...

, Xiamen

Xiamen

Xiamen , also known as Amoy , is a major city on the southeast coast of the People's Republic of China. It is administered as a sub-provincial city of Fujian province with an area of and population of 3.53 million...

, and a representative office in Quanzhou

Quanzhou

Quanzhou is a prefecture-level city in Fujian province, People's Republic of China. It borders all other prefecture-level cities in Fujian but two and faces the Taiwan Strait...

.

Shareholders

• Industrial and Commercial Bank of China
  Industrial and Commercial Bank of China
  Industrial and Commercial Bank of China Ltd. is the largest bank in the world by profit and market capitalization. It is one China's 'Big Four' state-owned commercial banks .It was founded as a limited company on January 1, 1984...
  
   (18.75%)
• Fujian Investment and Enterprise Holdings Corporation (12%)
• Xiamen C&D Corporation Limited (7.5%)
• Min Xin Holdings Limited (HKSE listed) (36.75%)
• Asian Development Bank
  Asian Development Bank
  The Asian Development Bank is a regional development bank established on 22 August 1966 to facilitate economic development of countries in Asia...
  
   (10%)
• Shinsei Bank Limited (from Japan
  Japan
  Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
  
  ) (10%)
• Sino Finance Group Company Limited (from U.S.A) (5%)

External links

• Xiamen International Bank Official website