SVB's financial group owners have done business in China since the late 1990s, with offices in major coastal cities like Shenzhen and Hong Kong. Their main business is a 2012 undertaking with the Shanghai Pudong Development Bank, a 50-50 joint venture known as SPD Silicon Valley Bank, or SSVB.
Like its now-bankrupt California cousin, SSVB caters to China's tech startups and venture capitalists by giving them easier access to dollar funding. The bank hailed as the first of its kind in the country is safe for now. However, there may be less confidence in its risk-accepting business model going forward.