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.
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 | |
| Industry | Banking |
| Founded | 8 April 1987 |
| Founder | Yuan Geng |
| Headquarters | , |
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) |
| 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) |
| Owner | China 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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