China Merchants Bank Company Limited
Native name
招商银行股份有限公司
Company typePublic
IndustryBanking
Founded8 April 1987; 37 years ago (1987-04-08)
FounderYuan Geng
Headquarters,
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[1]

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. CMB listed on the Shanghai Stock Exchange in 2002 and the Hong Kong Stock Exchange in 2006.[2]

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.[3] In 2008, China Merchants Bank was the first Chinese bank to open a branch in the United States.[2]

In 2023, China Merchants Bank was ranked 26th in Forbes Global 2000.[4]

Business areas

CMB operates the following businesses:

As of 31 December 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.

By 2017, China Merchants Bank had about 140 branches, more than 1,670 sub-branches, 3,500 self-service centers and more than 11,850 self-service machines (including 1,720 ATMs). Approximately 80 million credit cards were issued, of which 46 million were active, so that the bank was one of the largest credit card issuers in the country. The bank had branches and representative offices in New York, London, Hong Kong, Singapore, Luxembourg and Taipei.[2]

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. ^ a b c d e f "Annual Report 2018" (PDF). China Merchants Bank Company Limited. 22 March 2019. Retrieved 1 June 2019.
  2. ^ a b c "China Merchants Bank". Banks around the World. Archived from the original on 22 March 2023. Retrieved 8 February 2024.
  3. ^ "FEDERAL RESERVE SYSTEM – Order Approving Establishment of a Branch" (PDF).
  4. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.