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
Founded8 April 1987 (1987-04-08)
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 CN¥225.61 billion
$60.4 billion (2020)[1]
Increase CN¥106.5 billion
$15.5 billion (2018)[1]
Increase CN¥80.56 billion
$11.7 billion (2018)[1]
Total assetsIncrease CN¥6.746 trillion
$980 billion (2018)[1]
Total equityIncrease CN¥543,61 billion
$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, including personal savings, personal loans, foreign exchange and stock trading, gold trading and bank card services, among others.
  • Corporate & Investment Banking, 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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