6 Followers SHG:600036 - China Merchants Bank Co Ltd China Merchants Bank Co Ltd
Sector: Financials, Industry: Diversified Banks
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CNY 34.36    +1.21 (+3.65%)
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11 Aug 2022


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General

CEO: Mr. Liang Wang

IPO: 2006-09-22

Headquarters: CN

Employees: 103,669

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Description

With headquarters in Shenzhen, China Merchants Bank was founded in 1987. The bank is China's seventh- largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network is expanding rapidly. Its outlets are located mainly in China's more developed areas, such as the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking and wholesale banking accounted for 52%, 45%, and 3% of total profit before tax, respectively, and 54%, 42%, and 4% of total revenue in 2020.

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