First Sino Bank provides financial services to its customers.
First Sino Bank offers consumer banking services such as deposits and money transfers, foreign exchange, investment products, mortgage loans and insurance agencies; and corporate banking services related to deposits and money transfers, financial products, international trading transactions and currency / derivative financial instruments. The company was founded in 1997 and is headquartered in Shanghai, China.
First Sino Bank operates as a subsidiary of Lotus Worldwide Ltd. It has branches in Shenzhen, Tianjin and Suzhou; and branches in Shenzhen Baoan, Tianjin Binhai, Shanghai Hongqiao, Shanghai Xu, Shanghai Jiying, Shanghai Songjiang, Shanghai Minhang, Shanghai Qingpu, Shanghai Xintiandi and Shanghai Jing'ang. First Sino Bank works as a subsidiary of Lotus Worldwide Ltd.
The China Banking Regulatory Commission approved the plan of the Taiwanese company Fubon Financial Holding Co. on the acquisition of controlling shares of First Sino Bank. Fubon Holding, the second largest financial conglomerate in Taiwan in terms of assets, bought 80% of First Sino Bank shares for 5.65 billion yuan ($ 906 million). The deal was approved by a Taiwan regulator in 2013. After the completion of the transaction, Fubon received 14 branches in the top priority Chinese cities in the Pearl River Delta area.