Bank of Taian Co., Ltd. trading as Taian Bank is a Chinese urban commercial bank based in Tai'an, Shandong Province. The bank was formerly known as Taian City Commercial Bank. It was reported that the bank was linked to Tai'an-born Xiao Jianhua's Tomorrow Group, which "New Fortune" accused that Xiao owned some of the private investors of the bank by proxy person. Those accused companies, did pledged the shares to private equity funds of New Times Securities (another firm that was accused as a member of Tomorrow Group). However, also pledged the shares to state-owned China Fortune Trust (and its private equity funds). Tai'an Municipal People's Government owned 34.56% shares as the largest (known) shareholder consortium. History The predecessor of the bank was founded in 1986. On 16 August 2007 it became Taian City Commercial Bank and on 12 November 2015 became Taian Bank. Shareholders Tai'an Finance Bureau-owned Taian Taishan Investment and its subsidiaries owned 30.01% shares of the bank as at 31 December 2012, while another city-owned company () owned an additional 6.25% shares. Puhua Investment, a company majority owned by a central-government enterprise and Taian Fund Investment & Guaranty (, a subsidiary of Taian Taishan Investment) at that time, owned 7.29% shares, making the state owned 43.55% shares in total. In 2013, Taian Fund Investment & Guaranty sold the shares (22.51%) to sister companies, as well as selling the stake in Puhua Investment to private investor in 2015, making Taian Government owned 34.56% shares in total in the bank (as at 31 December 2015). The stake was also diluted by the capital increase ( share capital with nominal value and share premium) in 2013–14, as only Taian Taishan Investment and its subsidiaries, a new investor Shandong Xinchazhuang Mining () for 37.49 million shares, some existing private shareholders (, Tài'ānshì Tàishān Huáchéng Kējì, Tài'ān Rénréndá Kējì and Jǐnán Sānwàng Sùliào for 167.69 million shares) and employee subscribed the shares (4.79 million shares). Note: the joint-largest shareholder, Taian Taishan Investment was owned by Tai'an Government (via Tai'an Finance Bureau); Taian Taishan Investment is the parent company of another joint-largest shareholder (), as well as the fourth (), making Taian Taishan Investment owned 29.97% stake of the bank; It was reported another subsidiary (; renamed to in 2015) owned 375,000 shares in 2015 or 0.03% shares another joint-largest shareholder, Jǐnán Sānwàng Sùliào had pledged 17.7 million shares to New Times Securities