China Merchants Bank

China Merchants Bank
China Merchants Bank Company Limited
Type Public company
Traded as SEHK3968 SSE: 600036
Industry Banking
Founded 1987
Headquarters Shenzhen, Guangdong, China
Area served People's Republic of China
Key people Qin Xiao (Chairman)
Ma Weihua (Governor)
Owner(s) China Merchants Group (18%)
Parent China Merchants Group
Headquarters of China Merchants Bank in the West Futian district of Shenzhen

China Merchants Bank (CMB) (Chinese: 招商银行; pinyin: Zhāoshāng Yínháng SEHK3968, SSE: 600036) is a bank headquartered in Shenzhen, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities.

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.[1]

Business areas

CMB operates its businesses through personal banking business, including personal savings, personal loans, investment banking, foreign exchange trading, gold trading and bank card services, among others; corporate banking business, including corporate savings, corporate loans, international settlements, trade financing, assets custody, financing leasing services and corporate annuities, among others, as well as online banking services and electronic banking services.

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.


External links

Factory 1b.svg Companies portal

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