With a history of more than 400 years, Intesa Sanpaolo is the largest commercial bank and one of the most important international financial groups in Italy. It is now one of the largest banks in the Eurozone in terms of market value.
As a fully licensed bank, in addition to its traditional retail and public businesses, Intesa Sanpaolo also operates in wealth management, private banking, asset management, investment banking and insurance, which are among the best in Italy and the Eurozone.
Intesa Sanpaolo has its branches in 26 countries around the world, providing high quality corporate banking service to both local companies and Italian companies. In addition, Intesa Sanpaolo conduct corporate and retail business through holding local commercial banks in 12 countries in Eastern Europe, the Middle East and North Africa.
Our shareholder’s presence in China dates back to 1981, when Intesa Sanpaolo opened a representative office in Beijing as one of three European banks – and the first Italian one – to establish a direct client touchpoint in this country.
Today, the Beijing representative office, Shanghai branch and Hong Kong hub together act as an investor gateway to Italy and provide support for multinationals who wishing to expand their businesses in China.
In 2007,Bank of Intesa Sanpaolo acquired a 20% shareholding in Bank of Qingdao (BQD), currently listed on the Hong Kong Stock Exchange and on the Shenzhen Stock Exchange.
The bank is also active in China in the asset-management business with Eurizon Capital (HK) Limited in Hong Kong and, as of 2007, in Shenzhen thanks to the acquisition of a 49% stake in Penghua Fund Management, one of the main asset-management companies in the country.