SANTA CLARA, Calif., March 1, 2017 /PRNewswire/ -- Silicon
Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced further expansion into
China through SPD Silicon Valley Bank's (SSVB) newest branch in Beijing. SPD Silicon Valley Bank is a joint venture bank that was established by Silicon Valley Bank and its
partner, Shanghai Pudong Development Bank Co., Ltd., in order to offer specialized commercial banking services specifically for
innovative companies and their investors in China. This is SSVB's second branch, after opening
in Shanghai in 2012.
SPD Silicon Valley Bank continues to build its presence in China working with both Chinese
and foreign companies looking to do business in the country. SSVB provides entrepreneurs, startups, enterprises and investors
insights and expertise based on its relationship with Silicon Valley Bank, and it provides the commercial banking products and
services that help innovative companies increase their probability of success.
"Together with our international partners, Silicon Valley Bank has a unique ability to serve the world's growing innovation
economy, comprising the domestic technology and healthcare segment, as well as the businesses from other countries and those that
work across borders," said Greg Becker, President and CEO of Silicon Valley Bank. "The innovation
sector is global. High-growth technology-focused companies that create jobs and economic opportunity expand overseas early in
their lives and require partners that can help them navigate internationally. Our partnership with SSVB opens doors for
innovators around the world."
The new Beijing branch is located in Chaoyang District and is home to approximately
14 employees. It officially opened to technology, life science and cleantech companies on February 28,
2017. Visit www.svb.com/china for more
information.
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward,
fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With
commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at www.svb.com.
©2017 SVB Financial Group. All rights reserved. Silicon Valley Bank is the California bank
subsidiary of SVB Financial Group. Silicon Valley Bank is a member of FDIC and Federal Reserve System. SVB>, SVB Financial
Group, and Silicon Valley Bank, are trademarks of SVB Financial Group, used under license.
About SPD Silicon Valley Bank
Headquartered in Shanghai, China, SPD Silicon Valley Bank (SSVB) is a joint venture between
Shanghai Pudong Development Bank Co., Ltd. ("SPDB" SSE: 600000) and Silicon Valley Bank ("SVB" NASDAQ: SIVB (SVB Financial
Group)). SSVB is the first technology and innovation bank in China serving as an independent
legal entity. It is also the first Sino-US joint venture bank. SSVB's mission is to "increase our clients' probability of
success" by providing unique financial products and services to the technology and innovation industry and redefining the banking
experience for innovation companies of all sizes. SSVB aims to create the "Innovation Ecosystem" and strives to be the most
sought-after bank for China's innovation economy. Target clients include those in the hardware,
software, Internet, mobile, consumer technology, life science, biotechnology and cleantech sectors.
SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, 硅谷 银行 , 硅谷 银行金融集团 , and the
chevron device are trademarks, separately and in combination, of SVB Financial Group in China,
Hong Kong, and elsewhere, and are used under license.
SPD, SHANGHAI PUDONG DEVELOPMENT BANK, and 浦 发银行有限公司 are trademarks,
separately and in combination, of Shanghai Pudong Development Bank, Ltd. in China, and are used
under license.
SPD Silicon Valley Bank is a Sino-U.S. joint-venture bank of Silicon Valley Bank, the California bank subsidiary and commercial banking operation of SVB Financial Group, and Shanghai Pudong
Development Bank.
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SOURCE Silicon Valley Bank