Question 1

What is Shanghai Commercial & Savings Bank?

Accepted Answer

Shanghai Commercial & Savings Bank (SCSB) is a Taiwanese commercial bank with a representative office in Thailand. The bank is headquartered in Taipei, Taiwan and is one of the few mainland Chinese banks that successfully relocated to Taiwan after 1949. SCSB operates a representative office in Bangkok at Room 1601, 16th Floor, Sathorn Square Office Tower, providing support services for Taiwanese and Asian businesses operating in Thailand.

The bank employs over 7,400 staff members globally and operates 280 branches worldwide, with a particularly strong presence in Taiwan, Hong Kong, Vietnam, Singapore, and China.

Question 2

When was Shanghai Commercial & Savings Bank founded?

Accepted Answer

Shanghai Commercial & Savings Bank was founded in 1915 in Shanghai, China by Chen Guangfu (K.P. Chen), a graduate of the Wharton School of Finance. Chen established the bank with the aspiration "to serve society, to support industry, and to promote international trade."

By 1934, SCSB had grown from just four employees and 80,000 yuan in capital to become China's foremost private bank in foreign exchange and fifth-ranked commercial bank with 2,700 staff members and 111 branches. During World War II, the bank relocated its headquarters to Chongqing. Following the Chinese Civil War, the bank was forced to shut down in mainland China in 1950.

In 1954, the bank relocated to Taiwan and was approved to restart operations in Taipei in June 1965 with capital of NT$15 million, becoming the only private mainland bank to successfully re-establish in Taiwan.

Question 3

Where is Shanghai Commercial & Savings Bank headquartered?

Accepted Answer

Shanghai Commercial & Savings Bank is headquartered in Taipei, Taiwan. The bank's Bangkok Representative Office is located at Room 1601, 16th Floor, Sathorn Square Office Tower, No. 98 North Sathorn Road, Silom, Bangrak, Bangkok 10500, Thailand.

Question 4

Where does Shanghai Commercial & Savings Bank operate?

Accepted Answer

In Thailand, SCSB operates through a representative office in Bangkok that serves customers throughout the country. The representative office provides support for Taiwanese businesses expanding to Thailand and facilitates trade and investment between Taiwan and Thailand.

Globally, SCSB maintains a network across Asia with branches in Hong Kong, Vietnam (Dong Nai), Singapore, and China (Wuxi), plus representative offices in Thailand, Cambodia (Phnom Penh), Indonesia (Jakarta), and Vietnam (Bac Ninh).

Question 5

What services does Shanghai Commercial & Savings Bank offer?

Accepted Answer

The Bangkok Representative Office provides non-banking support services including:

Market research and information gathering about Thailand's business environment, infrastructure, and regulatory landscape.

Business matching services connecting Taiwanese and international businesses with Thai partners and opportunities.

Support for business expansion including assistance with entity establishment, market entry strategies, and post-establishment support.

Trade facilitation services including guidance on import-export procedures and foreign exchange transactions.

The office serves as a liaison between SCSB's banking operations in other countries and customers seeking to do business in Thailand.

Question 6

What makes Shanghai Commercial & Savings Bank unique?

Accepted Answer

SCSB has a remarkable 109-year history spanning three different political eras and geographies. The bank uniquely survived the transition from Republican China to Taiwan, maintaining its private ownership and independence.

SCSB pioneered several banking innovations in China, including establishing the China Travel Service Co. in 1927 (which grew to over 100 branches worldwide by 1936), issuing industry-specific loans such as agricultural and salt industry loans, and introducing consolidated teller services in the 1930s—decades before such services became standard.

The bank maintains strong expertise in cross-strait and pan-Asian trade finance. In 2002, it became the first bank in Taiwan to receive approval for direct remittances with financial institutions in China, establishing a reputation for offering the "fastest possible remittance between Taiwan and China."

SCSB's Bangkok presence reflects its strategic focus on supporting the regional expansion of Taiwanese SMEs throughout Southeast Asia.

Question 7

What type of financial institution is Shanghai Commercial & Savings Bank?

Accepted Answer

Shanghai Commercial & Savings Bank is a commercial bank headquartered in Taiwan. In Thailand, it operates as a representative office, which means it cannot conduct banking transactions directly but provides business development, market research, and customer liaison services.

The bank specializes in serving small and medium-sized enterprises (SMEs) and is recognized for its expertise in trade financing, remittance services, and cross-border business facilitation across the Greater China region and Southeast Asia.

Shanghai Commercial & Savings Bank

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About Shanghai Commercial & Savings Bank in Thailand