China Merchants Bank

China Merchants Bank Company Limited
招商银行股份有限公司
Public
Traded as SEHK: 3968
SSE: 600036
Industry Banking
Founded 1987 (1987)
Founder Yuan Geng
Headquarters Futian District, Shenzhen, Guangdong, China
Area served
 China
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.
Services Deposit, loan, credit card 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 (in English)
Headquarters of China Merchants Bank in the West Futian District of Shenzhen

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.

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.[1]

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.

References

  1. ↑ FEDERAL RESERVE SYSTEM – Order Approving Establishment of a Branch
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