The Tianyancha App shows that recently, Xiamen International Bank Co., Ltd. underwent a business change, with registered capital increasing from about 15.497 billion yuan to approximately 17.046 billion yuan. The company was established in August 1985, with Wang Xiaojian as the legal representative. Its scope of operation includes absorbing public deposits, issuing short-term, medium-term and long-term loans, handling domestic and foreign settlements, conducting bill acceptance and discounting, issuing financial bonds, and acting as an agent for issuing, repaying, and underwriting government bonds, among other activities. It is jointly held by Min Xin Hold, industrial and commercial bank of china (601398), Xiamen Jianshe Group Co., Ltd., and the Asian Development Bank. Public information indicates that Xiamen International Bank was the first Sino-foreign joint venture bank in china. In 2013, it transitioned from a limited liability company to a joint-stock company, changing from a Sino-foreign joint venture bank to a domestic commercial bank.