Bank of Nanjing

[2][3] In November 2001, the International Finance Corporation (IFC) acquired a 15% stake in NCCB for US$27 million.

The funding would be used to strengthen the bank's capital base and institutional capacity.

[6] In July 2007, NJBK held its initial public offering becoming a listed company on the Shanghai Stock Exchange.

[7][5] NJBK had become a major player in China's government bond market.

Instead of traditional loans, Xin Yuan would create a high-yield investment product that NJBK marketed to its own retail customers.