BOJ was formed from the combination and restructuring of 10 city commercial banks in Jiangsu.

[2][3] In 2015, BOJ was generally seen as one of China's best performing local commercial bank.

[3] On 2 August 2016, BOJ held is initial public offering (IPO) becoming a listed company on the Shanghai Stock Exchange.

It was the first A-share of a Chinese city of rural lender on the Shanghai Stock Exchange since 2007.

They were the largest ABS funds in China where securitisation was growing quickly in line with the Chinese government's effort to deleverage its economy that was saddled with increasing bad loan risk.