It is often as a pioneer that BNP Paribas Group entered into China: by opening an agency in Shanghai since 1860, the Comptoir National d’Escompte de Paris inaugurated a presence that will be interrupted by the troubled Chinese history. The Société Générale de Belgique (Fortis) and BNP forerunners banks bore the cost of, and BNP settled out starting from 1980 in the Middle Kingdom, followed by Paribas in 1994.
The Comptoir National d’Escompte de Paris (CNEP) opens an office in Shanghai, followed by Hong Kong in 1862.
Hong Kong is bankrupted in 1878, Shanghai will be closed between 1877 and 1889 and ceded to the Banque Russo-Chinoise (Russo-Chinese Bank) in 1895.
Société Générale de Belgique (Fortis) buys a stake in Banque Russo-Chinoise (Russo Chinese Bank)
Financing and building of Beijing-Hankow railway line, thanks to an international syndicate, negociated by Banque Parisienne (Parisian Bank), in which are present Banque de Paris et des Pays-Bas (Paribas) et la Société générale de Belgique (Fortis).
Banque Sino-Belge (Sino-Belgian Bank, a Société Générale de Belgique subsidiary) opens an office in Shanghai
Branch opening in Tientsin, where Société Générale de Belgique and Banque d’Outremer> (Overseas Bank) are engaged in industrial projects
Banque Sino-Belge opens a branch in Beijing
Banque Belge pour l’Etranger (Belgian Bank for Foreigners) opens a branch in Hankow
Banque Nationale pour le Commerce et l’Industrie (BNCI) opens an office of representation in Hong Kong, with 3 staff. In 1959, becomes an office.
BNP is the first European bank to open a representative office in Beijing and a liaison office in Canton (Guangzhou).
BNP opens a regional office in Shangai and in the Shenzhen special economic zone. BNP CEO, René Thomas, first journey in People’s Republic of China
BNP signs a cooperation agreement with the Chinese Bank of Agriculture
Creation of International Bank of Paris & Shanghai (IBPS), a BNP-ICBC joint-venture (Industrial & Commercial Bank of China). 3 branches opened: Shenzhen, Tianjin and Canton, and 3 representative offices: Beijing, Tianjun and Chengtu
Paribas opens 4 representative offices: Beijing, Canton, Shanghai and Dalian. 12 staff
BNP Paribas (China) Limited, Shanghai as head office
BNP Paribas acquires a 12,6% stake in Bank of Nanjing . 150 staff.
Creation of a joint-venture between Suning (the biggest electric household appliances’ distributor in China), Bank of Nanjing and BNP Paribas Personal Finance (15% of stake). Joint venture dedicated to consumer credit at point of sales and online credit.
- BNP Paribas (China) Limited is headquartered in Shanghai, and has branches in Guangzhou, Beijing and Tianjin. It also has a sub-branch in Shanghai FTZ and a representative office in Chengdu
- Currently with nearly 450 staff based in China, BNP Paribas provides banking, financing and advisory services to local and overseas corporations and financial institutions, institutional investors and high net worth clients.
- Through partnerships, BNP Paribas has developed strategic collaborations with leading local institutions in China, including with Bank of Nanjing in personal, small and medium enterprises and corporate banking: Haitong Securities in asset management (HFT Investment Management), Bank of Beijing in life insurance (BOB-Cardif Life Insurance), Suning and Bank of Nanjing in consumer finance (Suning Consumer Finance), Geely in car financing (Genius Auto Finance) and Shanghai Bashi Car Rental Service in car leasing (Arval Jiutong).