Founded 8 April 1987 | Traded as SEHK: 3968SSE: 600036 CEO Huiyu Tian (May 2013–) Subsidiaries Wing Lung Bank | |
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Key people 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. Stock price 600036 (SHA) CN¥ 18.99 -0.11 (-0.58%)3 Mar, 3:00 PM GMT+8 - Disclaimer Parent organizations China Merchants Group, China Merchants Port | ||
China Merchants Bank (CMB) (simplified Chinese: 招商银行; traditional Chinese: 招商銀行; pinyin: Zhāoshāng Yínháng SEHK: 3968, SSE: 600036) 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.
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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.
China merchants bank
Business areas
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.
Honours
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.