[2] In May 2016, the US based Forbes magazine ranked Bank of Qingdao at 1,791 in its list of The World's Biggest Public Companies, 1,790 in Profit and 826 in total assets.
This acquisition was made by Haier through its subsidiaries as the Chinese laws did not allow a non-financial institution to own more than ten percent of a bank.
[2] In November 2015, Bank of Qingdao listed H shares on the Hong Kong Stock Exchange after a successful initial public offering.
[9] The IPO was underwritten by Goldman Sachs and CITIC Securities with BNP Paribas, Banca IMI (Intesa Sanpaolo's investment bank) and Rothschild as part of the transaction advisors.
Other board members include Mr. Yang Fengjiang, Ms. Lu Lan, Mr. Zhou Yunjie, Mr. Rosario Strano, Ms. Tan Lixia, Mr. Marco Mussita, Mr. Deng Youcheng, Mr. Calvin Choi, Mr. Wong Tin Yau Kelvin, Mr. Chen Hua, Ms. Dai Shuping, Mr. Simon Cheung, and Ms. Fang Qiaoling.