China Merchants Bank
Native name | 招商银行股份有限公司 | ||||||
|---|---|---|---|---|---|---|---|
| Company type | Public | ||||||
| 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 | CNY¥225.61 billion (US$34.98 billion) (2020) | ||||||
| CNY¥106.5 billion (US$16.51 billion) (2018) | |||||||
| CNY¥80.56 billion (US$12.49 billion) (2018) | |||||||
| Total assets | CNY¥6.75 trillion (US$1.05 trillion) (2018) | ||||||
| Total equity | CNY¥543.61 billion (US$84.28 billion) (2018) | ||||||
| Owner | China Merchants Group (18%) | ||||||
Number of employees | 74,590 (2018) | ||||||
| Chinese name | |||||||
| Simplified Chinese | 招商银行 | ||||||
| Traditional Chinese | 招商銀行 | ||||||
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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.
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.
On 19 January 2016, with the approval of the China Banking Regulatory Commission and the UK financial regulatory authorities, China Merchants Bank officially opened its London branch. This is the first branch of a Chinese joint-stock bank to be approved in the UK.
In October 2021, it was assessed and designated as a Domestic Systemically Important Bank.
In 2023, China Merchants Bank was ranked 26th in Forbes Global 2000.