China Merchants Bank

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.

China Merchants Bank Company Limited
Native name
招商银行股份有限公司
Company typePublic
Traded as
IndustryBanking
Founded8 April 1987 (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.
Revenue CN¥225.61 billion
$60.4 billion (2020)
CN¥106.5 billion
$15.5 billion (2018)
Net income
CN¥80.56 billion
$11.7 billion (2018)
Total assets CN¥6.746 trillion
$980 billion (2018)
Total equity CN¥543,61 billion
$79,01 billion (2018)
OwnerChina Merchants Group (18%)
Number of employees
74,590 (2018)
Website

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

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

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