Yuchen Zhu: SPDBC Vice Chairman & President

Yuchen Zhu holds postgraduate degree and Doctor of Economics degree. Yuchen is a Senior Economist and Adjunct Professor at China Agricultural University. He previously served as Management Office Director of China Grain Trading Company. 

Yuchen is the Vice Chairman and President of Shanghai Pudong Development Bank Co., Ltd (SPDB). While classified as a regional bank it is huge with 38,976 employees and revenue in excess of $30 billion. While huge in size it is relatively a young bank compared to others its size.

It gained approval of the People’s Bank of China in August 28, 1992 and was incorporated in January 9, 1993. It is a joint-stock commercial bank headquartered in Shanghai, China.  Shanghai Pudong Development Bank issued a 400 million A-share offer on September 23, 1993 on the Shanghai Stock Exchange. In doing so it became the first shareholding commercial bank to list with both Central Bank and China Securities Regulatory Commission’s approval since the enactment of “Commercial Bank Law” and “Securities Law”. Thus the registered capital reached RMB 2.41 billion. In November 10, 1999 320 million shares of the issue was listed on the Shanghai Stock Exchange (stock code 600000).

SPDB was founded to provide financial services for the development of Pudong, building Shanghai into one of the great international financial hubs, and to contribute to the national economic development and social progress.

Thus Yuchen has a very important role to play not just for the bank’s growth and profitability but also in achieving the goals and purpose for which the bank was established.  Aside from his leadership role in SPDB Yuchen has been serving in other leadership positions such as being President of Shenzhen mid-Futures Brokerage Co., Chairman of Shanghai mid-Futures Brokerage Co., The President of China International Futures Brokerage Co., Ltd, party secretary and General Manager of Dilian Commodity Exchange, Vice Party Secretary and General Manager of China Financial Futures Exchange Corporation and other senior positions in various companies.

Yuchen also serves as Member of the 12^th National Committee of the Chinese People’s Political Consultative Conference.