Headquarters of China Merchants Bank in the West Futian District of Shenzhen, China
Native name
招商银行股份有限公司
Company type
Public
Traded as
SSE: 600036
SEHK: 3968
Industry
Banking
Founded
8 April 1987; 37 years ago (1987-04-08)
Founder
Yuan Geng
Headquarters
China Merchants Bank Tower, Futian District, Shenzhen, Guangdong
,
China
Area served
Worldwide
Key people
Miao JianMin (Chairman) Wang Liang (President & CEO)
Services
Deposit, loan, credit card and other banking services.
Revenue
CN¥225.61 billion $60.4 billion (2020)[1]
Operating income
CN¥106.5 billion $15.5 billion (2018)[1]
Net income
CN¥80.56 billion $11.7 billion (2018)[1]
Total assets
CN¥6.746 trillion $980 billion (2018)[1]
Total equity
CN¥543,61 billion $79,01 billion (2018)[1]
Owner
China 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]
^ abcdef"Annual Report 2018" (PDF). China Merchants Bank Company Limited. 22 March 2019. Retrieved 1 June 2019.
^ ab"China Merchants Bank". Banks around the World. Archived from the original on 22 March 2023. Retrieved 8 February 2024.
^"FEDERAL RESERVE SYSTEM – Order Approving Establishment of a Branch" (PDF).
^"The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
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Global Information
CN¥225.61 billion