The predecessor of the company was Hua Xia Bank, a national commercial bank solely funded by Shougang Corporation, established on October 14, 1992, with the approval of the People's Bank of China [Yin Fu 1992 No. 391]. On April 10, 1996, the People's Bank of China issued the "Reply on Approving the Change of Registered Capital and Ratifying the Articles of Association of Hua Xia Bank Co., Ltd." [Yin Fu 1996 No. 109], approving Hua Xia Bank to be restructured and converted into a joint-stock limited company through initiation.
On July 21, 2003, with the approval of the China Securities Regulatory Commission [Zheng Jian Fa Xing Zi 2003 No. 83], Hua Xia Bank Co., Ltd. publicly issued 1 billion A-share RMB ordinary shares to the public.
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