Chairman of Shanghai Pudong Development Bank, Zhang Weizhong: 2026 will be the year for the comprehensive deepening of SPD Bank's digital and intelligent strategy.

Source: Xinhua Finance

Xinhua Finance, Shanghai, March 31 (reporter Wang Shujuan). At the 2025 annual performance meeting held by Pudong Development Bank on March 31, Zhang Weizhong, Chairman of Pudong Development Bank, said that 2025 is an upgrade year for Pudong Development Bank as it implements its digital and intelligent (“smart”) transformation strategy. Pudong Development Bank’s group operating capability, customer service capability, organizational innovation capability, market competitiveness, brand influence, and sustainable development capability have all achieved an across-the-board leap.

In 2025, Pudong Development Bank’s profitability continued to improve, realizing a “double increase” in operating revenue and net profit. Its asset scale also stood above the threshold of 10 trillion yuan. The non-performing loan ratio of 1.26% is the lowest level in the past 11 years. “The market has always been very concerned about whether Pudong Development Bank can achieve sustainable development. In numbers, we have provided the answer.” Zhang Weizhong said that Pudong Development Bank’s recognition in the capital markets has continued to rise. In 2025, Pudong Development Bank completed RMB 50 billion in convertible bond conversion, with a conversion ratio of 99.67%, which is the largest deal in the A-share market, setting a new record.

Zhang Weizhong said that 2024 was the first year for Pudong Development Bank’s digital and intelligent transformation strategy, featuring the rollout of an organizational reform, the establishment of five major tracks. In 2025, Pudong Development Bank will focus on remolding the internal core and extending capabilities, which is a year for strategic upgrades. It mainly includes proceeding by first establishing and then breaking through, moving from breakthroughs at individual points to system-wide building, and moving from business enablement to ecosystem building, among others, to create a new development paradigm characterized by data integration and ecosystem-wide coordination.

Zhang Weizhong said that this year is the opening year of the “15th Five-Year Plan,” and it is also a very critical year for Pudong Development Bank. It will be a year of comprehensive deepening of Pudong Development Bank’s digital and intelligent transformation strategy. He proposed that Pudong Development Bank should promote an enhancement of technology-enabled capabilities and build an intelligent bank. It should also accelerate its transition from a traditional capital provider to an industrial development partner, strengthen group-level coordinated and interconnected efforts, and better serve the market and customers through ecosystem operations. “The current external environment is changing a lot. A new technological era has already arrived. We hope that through the application of technological capabilities, we can build an important industry benchmark for technological development and create a high-quality value bank.”

Editor: Li Yifan

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