SPD Silicon Valley Bank

SPD Silicon Valley Bank is the China-based joint venture bank formed in 2012 between Silicon Valley Bank and Shanghai Pudong Development Bank (浦发银行), created as SVB's vehicle to obtain a Chinese banking license after years of serving offshore-registered Chinese tech companies without one . The venture was regarded internally by SVB as the most important milestone in its China market entry, following earlier representative offices opened in Shanghai (2005) and Beijing (2010) . When SVB collapsed in March 2023, SPD Silicon Valley Bank issued a statement emphasizing its independent governance and balance sheet, noting it "always operates in compliance with Chinese laws and regulations" .