China Merchants Bank
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| Public company | |
| Traded as | : 3968 : |
| Industry | Banking |
| Founded | 1987 |
| Headquarters | Futian District, Shenzhen, Guangdong, China |
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Area served
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China |
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Key people
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Qin Xiao (Chairman) Ma Weihua (Governor) |
| Products | Multi-functional debit card: "one-card" (Yi Ka Tong in Chinese); Internet bank called "Free Net Phone" (Yi Wang Tong in Chinese); Dual-currency Credit Card; Clickgold Corporate Finance; Golden Sunflower service system for VIPs. |
| Services | Deposit, loan and other banking services. |
| It gained RMB 8.262 billion as retained profits in the first half of 2009. | |
| Owner | China Merchants Group (18%) |
| Parent | China Merchants Group |
| Subsidiaries | In mainland China, it has built 12 direct branches, 32 first-tier branches, 50 second-tier branches, and 2 oversea branches (in Hong Kong and New York City) etc. |
| Website | English.CMBChina.com (English) |
China Merchants Bank (CMB) (simplified Chinese: 招商银行; traditional Chinese: 招商銀行; pinyin: Zhāoshāng Yínháng : 3968, : ) is a Chinese bank headquartered in Futian District, Shenzhen, Guangdong, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities in China.
CMB has over five hundred branches in mainland China and one in Hong Kong. In November 2007, as part of a drive for international growth, it won federal approval to open a branch in New York City. As of 2015, it ranks third of all Chinese companies for net cash and equivalents with the amount being over 117% of its market capital.
CMB operates the following businesses:
Personal Banking Business, including personal savings, personal loans, investment banking, foreign exchange trading, gold trading and bank card services, among others.
Corporate & Investment Banking Business, including corporate savings, corporate loans, international settlements, trade financing, assets custody, M&A advisory, FX, fixed income, syndication among others.
As of December 31, 2008, the Bank had 44 branches and 623 sub-branches, one representative, one credit card center, one credit loan center for small companies, as well as 1,567 self-service banks in China.
January CMB was a finalist in the second session of "Investigation on Chinese World-class Brand" of Britain Financial Times. CMB ranked 11th in "Brand Value" and "Premium Brands". 11th, January CMB ranked 1st for 4.3 times in the charts of Global Bank Price/Value/Ratio.
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Wikipedia