Shandong Hi-Speed Group continues to grow and develop the financial and insurance industry; gets out of characteristic management, and economies of scale continue to improve.
Banking business: Weihai City Commercial Bank affiliated to the Group was established on August 1, 1997, with more than 70 branches in Jinan, Tianjin, Qingdao, Yantai, Dezhou, Linyi, Jining, Weifang (preparation) and Dongying (preparation) etc. With the strong support of party committees and governments at all levels and all levels of supervision departments, the Bank firmly grasps two principal themes of management and development, persists in innovation in the reform, breakthroughs in innovation, development in breakthroughs, exceeding in the development, achieves breakthroughs again and again in the ownership structure, expansion of county development space, the establishment of cross-regional aspects of branches and disposal of non-performing assets, creates a number of firsts, and continues to match towards the strategic target of "advanced corporate governance, strict internal control, normative management, good assets, good benefits, obviously characteristic, listed and happy joint-stock commercial bank". At present, the total assets are nearly 110 billion Yuan, annual operating profit has exceeded 10 billion Yuan, ranking forefront of the province’s commercial banks; and the Bank has won the "Gold List of Chinese Financial Institutions • Golden Dragon Prize", "China's Best SME Financial Services Institution," "China's Best Feature Bank", " China's Best Retail Bank Prize", "Quality Award of Shandong Province", " Top Service Brand in Shandong Province" and other honorary titles.
Fund business: The Group and China Everbright Group, etc. have initiated the establishment of Shandong Hi-Speed Light Control Industry Investment Fund with a maximum 60 billion Yuan of funds raised, prepared to establish Shandong Urbanization Fund that may raise 20 billion Yuan with China Development Bank, and successfully entered the investment fund industry.
Insurance and investment business: The Group controlled the first national property and casualty insurance corporation registered in Shandong - Taishan Property & Casualty Insurance Company Limited, establishes the wholly-owned subsidiary Shandong Hi-Speed Investment Holdings Co., Ltd., actively carries out the insurance and investment business.
Weihai City Commercial Bank offers enthusiasm customer service