SPDB

According to reports, according to the South China Morning Post, citing people familiar with the matter, the joint venture of the United States Silicon Valley Bank in China, SPDB, may be taken over by Shanghai Pudong Development Bank (SPDB). Shanghai Pudong Development Bank may buy out its 50% equity, which is the “first choice” in a series of options. Another option is to allow another foreign investor to acquire SPD Silicon Valley Bank. Chinese regulators will soon find a solution for the joint venture. People familiar with the matter: Shanghai Pudong Development Bank will purchase 50% equity of SPD Silicon Valley Bank Analysis based on this information:The South China Morning Post recently reported that Shanghai Pudong Development Bank (SPDB) may take over the joint venture of the United States Silicon Valley Bank (SVB) in China. The joint venture, known as SPD Silicon Valley Bank, was established in 2012 with both banks holding 50% equity. According to sources familiar with the…