Bohai bank has been launched in Tianjin, the first stockholding commercial bank created on the mainland in nine years, reported the Wall Street Journal. It is the first time a foreign investor has been a founding member in a Chinese bank UK-based Standard Chartered plc has a 19.99% stake, making it the second largest of the bank's seven initial shareholders after Tianjin TEDA Investment Holding Co, which has a 25% stake. Bohai has a registered capital of US$618 million.