Shanghai Pudong Development Bank Co.,Ltd. (SPDB) has achieved a significant milestone in its custody business, with assets under custody exceeding 20 trillion yuan by the end of November 2025. This positions the bank as the fourth-largest custodian in the industry, marking the highest annual growth in nearly a decade.
The bank attributes this success to its high-standard leadership, strong synergy, and value-driven services. Over the past five years, SPDB has consistently expanded its custody scale by trillions annually. By deepening its collaborative strategies—"synergized custody," "bank-wide custody," and "group-wide custody"—SPDB has strengthened its market competitiveness, delivering breakthroughs in business goals, coordination mechanisms, and digital applications.
Aligned with its digital transformation strategy, SPDB has pioneered innovations in custody services. As one of the first six key application scenarios, the bank launched AI-powered smart custody solutions. It dominates the internet custody market with over 50% share, serving top-tier internet companies exclusively. Through operational efficiency improvements, key performance metrics have grown by more than 15% annually for three consecutive years.
SPDB continues to lead market innovation with multiple industry-first achievements. In 2025, it introduced China’s first batch of floating-rate public funds. As a pioneer in bond custody, it supports national bond market development and the "dual-carbon" strategy by hosting groundbreaking funds, including the first climate change high-grade bond index fund and green inclusive bond index fund. Additionally, two of its tech-focused bond ETFs surpassed 100 billion yuan in scale, bolstering innovation. The bank also launched the first internet custody whitepaper and initiated gold custody services for insurance investments.
Recognized for excellence, SPDB’s "Trusted Custody" brand has earned prestigious awards, such as "Outstanding Custodian" from China Central Depository & Clearing Co. and "China’s Best Innovative Fund Custody Service" from The Asian Banker.
Building on this 20 trillion yuan milestone, SPDB pledges to further align with national strategies, enhance service quality, and drive digital transformation, reinforcing its role in advancing China’s financial sector.
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