Silicon Valley Bank's Shanghai joint venture 'operating normally'

State lender unclear on U.S.-China partnership's future

20230419 Shanghai Pudong Development Bank1

Shanghai Pudong Development Bank, seen here, said that it has no "operational dealings" with the failed Silicon Valley Bank. (Photo by Kosaku Mimura)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Executives at Shanghai Pudong Development Bank faced a rare spotlight during the annual online earnings conference Wednesday, asked to address the condition of their joint venture with the failed Silicon Valley Bank.

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