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Introduction of China Merchants Bank

In 1987, China Merchants Bank (CMB) was founded in Shekou Industrial Zone of Shenzhen, the forefront of China's reform and opening-up. It is China's first joint-stock commercial bank wholly owned by corporate legal entities and represents the first pilot bank to promote China's banking reform driven by endeavors outside the government.

Since its inception, CMB has been leading the trends of China's banking industry through a series of pioneering efforts. It is the first bank to issue the "All-in-One Card", a milestone debit card that is managed based on customer number. It also created the first domestic online banking platform––"All-in-one Net", the first dual-currency international credit card, and the first wealth management brand for high-end customers––"Sunflower Wealth Management". It developed the first intelligent investment product in the industry––"Machine Gene Investment", which holds an asset scale of over RMB 10 billion and has introduced the new service model featuring man-to-machine integration and offline-to-online commerce to the field of wealth management. Besides, CMB had broken grounds in such services as offshore banking, buyer's credit, domestic letter of credit, enterprise annuity, cash management, online customs tax payment, corporate wealth management, and online bill acceptance.

Upholding the service philosophy of "We Are Here Just for You", CMB has grown into one of the most influential brands over the past 31 years. It ranked 12th among the Top 500 Banking Brands 2017 of The Banker, a renowned financial magazine of the United Kingdom. CMB has been included in the Fortune Global 500 List for 6 consecutive years and ranked 216th on the Fortune Global 500 List and 30th on the China List in 2017. CMB has also been well recognized by domestic and international institutions for its business development and operation features. As a 9-time winner of Best Retail Bank in China and 14-time winner of China's Best Retail Joint-stock Bank of The Asian Bank, CMB was awarded for the first time The Best Retail Bank in Asia Pacific in 2018, marking the first of its kind in China's banking industry. Based on CMB’s outstanding performance in the field of financial technology, Aisa Money granted CMB the Best National Commercial Bank in China's Leader in Fintech 2017.

By the end of 2017, with over 70,000 employees, CMB has set up a service network that consists of more than 1,800 branches worldwide including six overseas branches, three overseas representative offices, and service outlets located in more than 130 cities of mainland China. In mainland China, CMB has two subsidiaries, namely CMB Financial Leasing (wholly-owned) and China Merchants Fund (with controlling stake), and two joint ventures, namely CIGNA & CMB Life Insurance (50% in shareholding) and Merchants Union Consumer Finance Company (50% in shareholding). In Hong Kong, it has two wholly-owned subsidiaries, namely Wing Lung Bank and CMB International Capital. CMB has evolved into a comprehensive banking group equipped with financial licenses of commercial banking, financial leasing, fund management, life insurance, and overseas investment banking.

In recent years, CMB has pushed forward the "Light-operation Bank" strategy in pursuit of dynamic balance in quality, profitability, and scale, and fostered a safer structure, more distinctive features, and a more clear business model. In 2017, CMB maintained stable asset growth and strong profitability with a profit growth among the highest in the industry, and improved asset quality with declining balance and ratio of non-performing loans. CMB's market value surpassed RMB 710 billion at the end of 2017, ranking 11th among global listed banks.

Looking forward, CMB will position itself as a "Digital Bank". It will deepen the integration of technology and business according to customer needs and develop business agility driven by technology agility, so as to provide customers with the best experience.