The company was founded in September 1996. Currently, the entire bank has more than 200 branches, covering developed economic circles such as the Yangtze River Delta, Pearl River Delta, and Bohai Rim. On October 27, 2016, the initial public offering of A shares was successfully listed on the Shanghai Stock Exchange. Since its establishment, the company has always adhered to the market position of serving the regional economy, small and medium-sized enterprises and urban and rural residents, and is committed to providing customers with professional, convenient, friendly and comprehensive financial services. The company's main products include finance, retail finance, small and micro finance, financial markets, asset management, channel and service construction. Corporate honors include “Best City Commercial Bank”, “Best Technology Financial Service City Commercial Bank”, “National Top Ten Commercial Banks Supporting the Development of Small and Medium Enterprises”, “Market Influential Institution”, “Market Innovation Business Organization”, “Best RMB Foreign Exchange Options Trial Market Maker”, and “Best Foreign Currency Pair Member”. By the end of the reporting period, the company had 280 branches, including 122 branches (including the head office sales department) in Hangzhou, 79 branches in Ningbo, Shaoxing, Wenzhou, Zhoushan, Quzhou, Jinhua, Lishui, Jiaxing, Taizhou and Huzhou in Zhejiang Province, 78 branches in Beijing, Shanghai, Shenzhen, Nanjing, and Hefei, and a capital operation center in Shanghai, which basically achieved full coverage of institutions in Zhejiang Province, and achieved institutional networks in developed strategic economic circles such as the Yangtze River Delta, Pearl River Delta, and the Gulf Rim layout.