BaoShang Bank was established in 1998, with headquarters in Baotou City in Inner Mongolia. At the end of 2008, it had total assets of RMB 61.7 billion with a net profit of RMB 860 million. It has 84 outlets including branches in Shenzhen and Ningbo City and, at the end of 2008, had issued 19,667 small business loans totalling 4.16 billion with a 0.48% non-performing loans rate.