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China Merchants Bank

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China Merchants Bank Company Limited
招商银行股份有限公司
Company typePublic
IndustryBanking
Founded1987; 37 years ago (1987)
FounderYuan Geng
Headquarters
Futian District, Shenzhen, Guangdong
,
China
Area served
Worldwide
Key people
Li Jianhong (Chairman)
Tian Huiyu (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]
Websitecmbchina.com
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

China Merchants Bank (CMB) (Chinese: 招商銀行; 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 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 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.

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 Shenzhen Citizen's Center.

References

  1. ^ a b c d e f "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
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