China Merchants Bank

China Merchants Bank (CMB) (Chinese: 招商银行; pinyin: Zhāoshāng Yínháng) 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.

China Merchants Bank Company Limited
Native name
招商银行股份有限公司
TypePublic
IndustryBanking
Founded1987 (1987)
FounderYuan Geng
Headquarters
China Merchants Bank Tower, Futian District, Shenzhen, Guangdong
,
China
Area served
Worldwide
Key people
Miao JianMin (Chairman)
Wang Liang (President & CEO)
ServicesDeposit, loan, credit card and other banking services.
RevenueIncrease ¥225.61 billion RMB
$60.4 billion (2020)[1]
Increase ¥106.5 billion RMB
$15.5 billion (2018)[1]
Increase ¥80.56 billion RMB
$11.7 billion (2018)[1]
Total assetsIncrease ¥6.746 trillion RMB
$980 billion (2018)[1]
Total equityIncrease ¥543,61 billion RMB
$79,01 billion (2018)[1]
OwnerChina Merchants Group (18%)
Number of employees
74,590 (2018)[1]
Website

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.[2]

Business areas

CMB operates the following businesses:

Personal Banking Business, including personal savings, personal loans, foreign exchange and stock 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.

Headquarters

The China Merchants Bank Headquarters are located in Shenzhen, China. Part of the modernization and development of the city in the early 2000s. Architects, Lee/Timchula architects also designed the central city plan for Shenzhen and the focal building, the Shenzhen Citizen's Center.

References
  1. "Annual Report 2018" (PDF). China Merchants Bank Company Limited. 2019-03-22. Retrieved 2019-06-01.
  2. "FEDERAL RESERVE SYSTEM – Order Approving Establishment of a Branch" (PDF).
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