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{{Short description|State-Owned Bank of China}}
{{Use dmy dates|date=December 2023}}
{{Infobox company
{{Infobox company
| name = China Merchants Bank Company Limited <br> 招商银行股份有限公司
| name = China Merchants Bank Company Limited
| native_name = 招商银行股份有限公司
| logo = China Merchants Bank logo.svg
| logo = China Merchants Bank logo.svg
| image = CMB Tower in Shenzhen2021.jpg
| image_size = 200px
| image_caption = [[Headquarters]] of China Merchants Bank in the West [[Futian District]] of [[Shenzhen]], China
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{SSE|600036}}|{{hkse|3968}}}}
| traded_as = {{ubl|{{SSE|600036}}|{{hkse|3968}}}}
| genre =
| genre =
| foundation = {{start date and age|1987}}
| foundation = {{start date and age|1987|4|8|df=y}}
| founder = [[Yuan Geng]]
| founder = [[Yuan Geng]]
| location_city = [[Futian District]], [[Shenzhen]], [[Guangdong]]
| location_city = [[China Merchants Bank Tower]], [[Futian District]], [[Shenzhen]], [[Guangdong]]
| location_country = [[China]]
| location_country = [[China]]
| location =
| location =
| key_people = Li Jianhong <small>([[Chairman]])</small><br>Tian Huiyu <small>(President & [[CEO]])</small>
| key_people = Miao JianMin <small>([[Chairman]])</small><br>Wang Liang <small>(President & [[CEO]])</small>
| area_served = Worldwide
| area_served = Worldwide
| industry = [[Bank]]ing
| industry = [[Bank]]ing
| products =
| products =
| services = [[Deposit (finance)|Deposit]], [[loan]], [[credit card]] and other banking services.
| services = [[Deposit (finance)|Deposit]], [[loan]], [[credit card]] and other banking services.
| revenue = {{Increase}} {{CNY|link=yes|225.61 billion}}<br><small>$60.4 billion (2020)</small><ref name="ar2018">{{cite web|title=Annual Report 2018|url=http://file.cmbimg.com/cmbir/201904/476b7790-2259-4f08-a457-f1437d92620b.pdf|date=2019-03-22|publisher=China Merchants Bank Company Limited|access-date=2019-06-01|language=en}}</ref>
| revenue = {{Increase}} CNY¥{{FXConvert|CHN|225.61|b}} (2020)<ref name="ar2018">{{cite web|title=Annual Report 2018|url=http://file.cmbimg.com/cmbir/201904/476b7790-2259-4f08-a457-f1437d92620b.pdf|date=22 March 2019|publisher=China Merchants Bank Company Limited|access-date=1 June 2019|language=en}}</ref>
| operating_income = {{Increase}} {{CNY|106.5 billion}}<br><small>$15.5 billion (2018)</small><ref name="ar2018" />
| operating_income = {{Increase}} CNY¥{{FXConvert|CHN|106.5|b}} (2018)<ref name="ar2018" />
| net_income = {{Increase}} {{CNY|80.56 billion}}<br><small>$11.7 billion (2018)</small><ref name="ar2018" />
| net_income = {{Increase}} CNY¥{{FXConvert|CHN|80.56|b}} (2018)<ref name="ar2018" />
| assets = {{Increase}} {{CNY|6.746 trillion}}<br><small>$980 billion (2018)</small><ref name="ar2018" />
| assets = {{Increase}} CNY¥{{FXConvert|CHN|6.746|t}} (2018)<ref name="ar2018" />
| equity = {{Increase}} {{CNY|543,61 billion}}<br><small>$79,01 billion (2018)</small><ref name="ar2018" />
| equity = {{Increase}} CNY¥{{FXConvert|CHN|543.61|b}} (2018)<ref name="ar2018" />
| num_employees = 74,590 <small>(2018)</small><ref name="ar2018" />
| num_employees = 74,590 <small>(2018)</small><ref name="ar2018" />
| divisions =
| divisions =
| subsid =
| subsid =
| owner = [[China Merchants Group]] (18%)
| owner = [[China Merchants Group]] (18%)
| parent =
| parent =
| homepage = {{URL|http://www.cmbchina.com//|cmbchina.com}}
| homepage = [https://www.cmbchina.com]
| module = {{infobox Chinese
| child = yes
| s = 招商银行
| t = 招商銀行
| p = Zhāoshāng Yínháng
| w =
| mi =
| y =
| j =
| poj =
| l =
| order = st}}
}}
}}


⚫
'''China Merchants Bank''' ('''CMB''') ({{zh|s=|t=|p=Zhāoshāng Yínháng|c=招商银行}}) 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.<ref name='rel'>{{Cite web|lang=en|url=https://www.relbanks.com/asia/china/china-merchants-bank|title=China Merchants Bank|website=Banks around the World|access-date=2024-02-08|archive-date=2023-03-22|archive-url=https://web.archive.org/web/20230322125505/https://www.relbanks.com/asia/china/china-merchants-bank}}</ref>
[[Image:China merchants bank tower.jpg|thumb|175px|[[Headquarters]] of China Merchants Bank in the West [[Futian District]] of [[Shenzhen]]. Designed by John MY Lee of Lee/Timchula Architects. Lee was the Partner of [[Edward Larrabee Barnes]]]]


⚫
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]].<ref>{{Cite web|url=http://www.federalreserve.gov/newsevents/press/orders/orders20071108a1.pdf|title=FEDERAL RESERVE SYSTEM – Order Approving Establishment of a Branch}}</ref> In 2008, China Merchants Bank was the first Chinese bank to open a branch in the [[United States]].<ref name='rel' />
⚫
'''China Merchants Bank''' ('''CMB''') ({{zh|s=|t=|p=Zhāoshāng Yínháng|c=招商銀行}}) 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.


On January 19, 2016, with the approval of the [[China Banking Regulatory Commission]] and the UK financial regulatory authorities, China Merchants Bank officially opened its London branch. This is the first branch of a Chinese joint-stock bank to be approved in the UK.<ref>{{Cite web |title=招商银行伦敦分行获批成立-搜狐财经 |url=https://business.sohu.com/20160125/n435685022.shtml |access-date=2024-10-09 |website=business.sohu.com}}</ref><ref>{{Cite web |title=招商银行伦敦分行获批成立 |url=http://gb.mofcom.gov.cn/article/jmxw/201601/20160101241219.shtml |access-date=2024-10-09 |website=gb.mofcom.gov.cn}}</ref>
⚫
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]].<ref>[http://www.federalreserve.gov/newsevents/press/orders/orders20071108a1.pdf FEDERAL RESERVE SYSTEM – Order Approving Establishment of a Branch]</ref>

In October 2021, it was assessed and designated as a [[Systemically important financial institution|Domestic Systemically Important Bank]].<ref>{{Cite web |last=央行 |date=2021-10-15 |title=央行、银保监会发布我国系统重要性银行名单 |url=https://finance.sina.com.cn/money/bank/2021-10-15/doc-iktzqtyu1626796.shtml |access-date=2024-10-09 |website=finance.sina.com.cn}}</ref><ref>{{Cite web |title=Ready Card Balance |url=https://rcbalance.org/ |access-date=2024-10-09 |website=rcbalance.org}}</ref><ref>{{Cite web |title=国家金融监督管理总局 |url=https://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1128949&itemId=915#:~:text=%E6%8C%89%E7%B3%BB%E7%BB%9F%E9%87%8D%E8%A6%81%E6%80%A7%E5%BE%97%E5%88%86,%E9%93%B6%E8%A1%8C%E3%80%81%E4%B8%AD%E5%9B%BD%E5%BB%BA%E8%AE%BE%E9%93%B6%E8%A1%8C%E3%80%81%E4%B8%AD%E5%9B%BD |access-date=2024-10-09 |website=www.cbirc.gov.cn |language=zh-cn}}</ref>

In 2023, China Merchants Bank was ranked 26th in [[Forbes Global 2000]].<ref>{{Cite web|lang=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref>


== Business areas ==
== Business areas ==
CMB operates the following businesses:
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.
* '''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 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.
⚫
'''Corporate & Investment Banking Business''', including corporate savings, corporate loans, international settlements, trade financing, assets custody, M&A advisory, FX, fixed income, syndication among others.


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.
⚫
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.
The bank had branches and representative offices in New York, London, Hong Kong, Singapore, Luxembourg and Taipei.<ref name='rel' />


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


== References ==
== References ==
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{{Portal|Companies|Banks}}
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{{China Merchants Group}}

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}}
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Latest revision as of 18:23, 11 November 2024

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
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 CNY¥225.61 billion (US$34.98 billion) (2020)[1]
Increase CNY¥106.5 billion (US$16.51 billion) (2018)[1]
Increase CNY¥80.56 billion (US$12.49 billion) (2018)[1]
Total assetsIncrease CNY¥6.75 trillion (US$1.05 trillion) (2018)[1]
Total equityIncrease CNY¥543.61 billion (US$84.28 billion) (2018)[1]
OwnerChina Merchants Group (18%)
Number of employees
74,590 (2018)[1]
Chinese name
Simplified Chinese招商银行
Traditional Chinese招商銀行
Transcriptions
Standard Mandarin
Hanyu PinyinZhāoshāng Yínháng
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]

On January 19, 2016, with the approval of the China Banking Regulatory Commission and the UK financial regulatory authorities, China Merchants Bank officially opened its London branch. This is the first branch of a Chinese joint-stock bank to be approved in the UK.[4][5]

In October 2021, it was assessed and designated as a Domestic Systemically Important Bank.[6][7][8]

In 2023, China Merchants Bank was ranked 26th in Forbes Global 2000.[9]

Business areas

[edit]

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 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

[edit]

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 Civic Center.

References

[edit]
  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. ^ "招商银行伦敦分行获批成立-搜狐财经". business.sohu.com. Retrieved 9 October 2024.
  5. ^ "招商银行伦敦分行获批成立". gb.mofcom.gov.cn. Retrieved 9 October 2024.
  6. ^ 央行 (15 October 2021). "央行、银保监会发布我国系统重要性银行名单". finance.sina.com.cn. Retrieved 9 October 2024.
  7. ^ "Ready Card Balance". rcbalance.org. Retrieved 9 October 2024.
  8. ^ "国家金融监督管理总局". www.cbirc.gov.cn (in Chinese (China)). Retrieved 9 October 2024.
  9. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
[edit]
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