China Merchants Bank was founded on April 8, 1987. It is headquartered in Shenzhen and mainly focuses on the Chinese domestic market. It has been listed on the Shanghai Stock Exchange since April 9, 2002 under the stock code 600036. Since A share listing, China Merchants Bank has adopted both PRC GAAP and IFRS when preparing its financial statements. China Merchants Bank started trading on the main board of the Hong Kong Stock Exchange under stock code 3968 on September 22, 2006.
As at 31 December 2013, the Company had 99 branches, 934 sub-branches, 2 branch-level operation centers (a credit card center and a credit center for small enterprises), 1 representative office, 2,174 self-service centers and 1 wholly-owned subsidiary, CMB Financial Leasing in more than 110 cities in Mainland China; a number of subsidiaries in Hong Kong including Wing Lung Bank and CMB International, and a branch in Hong Kong; a branch and a representative office in New York, the United States; a representative office in London, the United Kingdom and a representative office in Taipei. The Company’s well-developed distribution network primarily covers China’s more economically developed regions such as Yangtze River Delta, Pearl River Delta and Bohai Rim, and some large and medium cities in other regions. The Company currently has 1,921 domestic and overseas correspondent banks in 108 countries (including China) and regions.
The Company provides customers with various corporate and retail banking products and services and conducts treasury activities for proprietary purpose and on behalf of its customers. As a leading retail bank in China, the Company has an extensive customer base and provides them with diversified products and quality services which are widely accepted in China. In respect of corporate banking business, the Company offers a variety of services to customers, which include corporate loans, settlements and custody etc. It gains competitive advantages of its cash management. Leveraging advanced IT support, China Merchants Bank diversifies its service channels by developing and upgrading e-banking services, phone banking services, mobile banking services and Palm banking services. Customers can thus enjoy quicker and more convenient services from the bank.
China Merchants Bank has received many domestic and international honors for its business performance, management capability and corporate culture. In 2013, the Company won a number of honors in appraisal/selection activities organized by authoritative organizations both at home and abroad, including in the best private banking and wealth management survey for 2013 organized by Euromoney, the Company was awarded the “Best Private Bank in China” and several individual awards for best customer relations management, best investment product portfolio and best ultra-high-end customer Service, taking a leading position in the industry in terms of grade and number of awards. At the 2013 Global Private Banking Awards Ceremony organized by Financial Times of the U.K., the Company was awarded the “Best Private Bank in China” for the fourth consecutive year. In the selection of excellent retail financial service providers, the Company was awarded for the ninth consecutive time the “Best Joint Stock Retail Bank in China” by The Asian Banker magazine. In the award selection in respect of banking products, the Company was honored the “Best Mobile Banking Product in China” and the “Commendation Award for SME Business in China”. In the selection campaign organized by Asiamoney, the Company was awarded the “Best Cash Management Bank in China 2013” for the eighth consecutive time and swept a total of 10 awards for Mainland China such as the “Best Cash Management Service Provider for Large, Medium and Small Enterprises”, thereby becoming the most awarded Chinese bank in the history of such award. In the selection of the best private bank in the world in 2012 organized by The Asset, the Company was honored the “Best Domestic Custody Specialist China” for the fourth consecutive year. In the selection of the world’s best cash management bank for 2013, the Bank was awarded the “Best SME Cash Management Bank in China”. In the Annual Conference of ACCE Global Call Centre, the Company’s Direct Banking Center was awarded “the World’s Best Call Centre” for the second time and ranked fourth in the world. In the “Result Release on the Survey of Preferred Brand Names of Chinese Multimillionaires” held by Hurun Report, the Company was recognized as “The Most Preferred RMB Wealth Management Bank” and “The Most Preferred Credit Card Issuer”. In the “2nd China Trade Finance Annual Conference” organized by China Banking Association, the Company was awarded the “Best Innovation Bank for Trade Finance Products” for its international business. In the selection of “China Financial Service Innovation Award for 2013” jointly organized by The Banker magazine and the Institute of Finance and Banking of Chinese Academy of Social Sciences, the cross-border RMB Inter-bank platform products of the Company won the “Top 10 Innovative Financial Products”, and the marketing case of small business cash management services won the “Top 10 Financial Products Marketing Award”.
China Merchants Bank always puts customers first. It strives to become a “blue chip for investors and a going concern for hundreds of years.”