IBOS member Silicon Valley Bank (SVB) yesterday announced its further expansion into China through the Bank’s joint venture SPD Silicon Valley Bank (SSVB), with its newest branch in Shenzhen.
Now SSVB’s third location in China, after establishing its headquarters in Shanghai in 2012 and opening a branch in Beijing in 2017, the newest branch in Shenzhen will continue to offer specialised commercial banking services, specifically for innovative companies and its investors in China.
SPD Silicon Valley Bank is continuing to work with both Chinese and foreign companies seeking to do business in the country. SSVB provides entrepreneurs, startups, enterprises and investors insights and expertise based on its relationship with SVB. It also provides the commercial banking products and services that help innovative companies.
The new Shenzhen branch is located in the Nanshan District and will enable SPD Silicon Valley Bank to serve companies in the vibrant Guangdong-Hong Kong-Macao Greater Bay area.
Read the full press release via SVB here.