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Bank of Ningbo
China
10 Apr 1997 (28 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Bank of Ningbo
Company Information
Get to know Bank of Ningbo
Founded on 10 April 1997, Bank of Ningbo became the first listed city commercial bank in China on 19 July 2007. Bank of Ningbo has set up 13 branches outside Ningbo district in the cities of Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing and Lishui, with an overall 346 business networks. Bank of Ningbo also successfully set up Maxwealth Fund Management Co., Ltd. in November 2013; Maxwealth Financial Leasing Co., Ltd., the wholly-owned subsidiary of Bank of Ningbo was officially opened in May 2015. After 22 years’ growth since its establishment, along with the rapid growth of Chinese economy and the strong support from its customers and all sectors of society, Bank of Ningbo has achieved substantial development. The Bank has developed into a public listed regional bank with total net capital of over RMB 100 billion, total asset of over RMB 1,100 billion, and more than 15,000 employees, ranking among the World’s Top 200 banks.
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- Financial BankingPRIMARY
- Financial Other Service
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