The entire 21st floor and the 22nd floor of Tower B, Baodi Plaza, No. 588 Dalian Road, Yangpu District, Haishi Silicon Valley Bank (SVB) was founded in the United States in 1983. It is a subsidiary of Silicon Valley Bank Financial Group, with assets of US$5 billion, and is located in the United States.

With 27 offices, 3 international subsidiaries and an extensive business network in Asia, Europe, India and Israel, it has provided $2.6 billion in loans to venture capital and entrepreneurial companies.

Silicon Valley Bank mainly serves technology-based companies and has successfully helped star companies such as Facebook and Twitter.

On March 10, 2023 local time, according to a statement issued by the Federal Deposit Insurance Corporation (FDIC), the California Department of Financial Protection and Innovation (DFPI) announced the closure of Silicon Valley Bank on the same day and appointed the FDIC as the bankruptcy administrator; 3

On March 11, U.S. Democratic Senator Elizabeth Warren stated that Silicon Valley Bank executives must be held accountable for bank failure caused by their malfeasance and mismanagement; on March 12, U.S. Treasury Department news, jointly issued by the Treasury Department, the Federal Reserve and the FDIC

The statement said that decisive action is being taken to protect the U.S. economy by increasing public confidence in the banking system.