China Merchants Bank
| China Merchants Bank
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | CNE000001B33 |
| founding | April 8, 1987 |
| Seat |
Shenzhen , People's Republic of China
|
| management |
|
| Number of employees | 72,530 |
| sales | $ 49.9 billion |
| Branch | Financial services |
| Website | www.cmbchina.com |
| Status: 2017 | |
China Merchants Bank (CMB) is a Chinese bank based in Shenzhen . In terms of total assets, it is China's sixth largest bank with branches in the 30 largest Chinese cities.
With a turnover of 49.9 billion US dollars and a profit of 11 billion US dollars, China Merchants Bank ranks 12th among the world's largest banks according to Forbes Global 2000 (as of 2017). The bank had a market capitalization of approximately USD 112.4 billion in early 2018.
history
The CMB was founded on April 8, 1987. In 2002, CMB went public in Shanghai and is now listed in the SSE 50 share index. The company is the fifth largest company on the Shanghai Stock Exchange with a market capitalization of 201.09 billion yuan .
owner
The company is controlled by its largest shareholder with 18% stake, the China Merchants Group , which also includes the logistics company China Merchants Holdings International . The China Merchants Group, in turn, reports to the Chinese Ministry of Communications.
organization
Ma Weihua has been President of the CMB since 2000 . As a functionary of the Communist Party and a member of the National People's Congress of the southern Chinese province of Guangdong , Weihua is considered to be well connected.
Market presence
China Merchants Bank is China's largest provider of payment cards. In mid-2007, CMB had issued 14.5 million credit cards. CMB is a member of China UnionPay .
Individual evidence
- ↑ FTD : "China Merchants Bank - Successful in the Niche" ( Memento from October 11, 2007 in the Internet Archive ), August 28, 2007
- ^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
- ↑ China Merchants Group
