SPD Silicon Valley Bank

SPD Silicon Valley Bank is the China-based joint venture bank established in 2012 between Silicon Valley Bank and Shanghai Pudong Development Bank (SPD), created after years of SVB seeking a mainland banking license to serve Chinese tech companies beyond offshore dollar accounts . The venture was regarded internally at SVB as its most important milestone in China .

In elsewhere's corpus, the bank appears primarily in its operational role supporting venture-backed companies: it provided a RMB 500 million credit line to synthetic biology firm Bluepha alongside other major banks in early 2023 , and its innovation finance senior director Gao Lei participated in investor education events with portfolio companies . The bank also made direct equity investments, such as participating in Shukun Technology's RMB 200 million round in 2020 alongside Qiming Venture Partners and others .

Following SVB's collapse in March 2023, SPD Silicon Valley Bank issued a statement emphasizing its independent governance structure and balance sheet, noting it "has always operated in compliance with Chinese laws and regulations" . The parent SVB had been deeply embedded in China's venture ecosystem since at least 2004, when it helped organize the landmark trip that brought top U.S. VCs to China, and later became the default banking partner for pre-Series B startups with dollar funding and VIE structures—so much so that Meituan's Wang Xing once displayed his SVB account balance at a press conference .