In the morning of December 29, 2004, China Merchants Bank won the FX cash pool project of GE (China). This is the first time that GE applies its global fund management pattern in US dollar management within China. GE (China) follows the international banking practice to organize the bidding procedure in China for about one year. And CMB finally won the project owing to its super strengths in the banking industry. GE, the "most critical company", selects CMB from many large domestic and overseas banks to be the first Chinese commercial bank providing FX cash pool service. This ends the monopoly of foreign banks over this section, showing the wisdom and courage of local Chinese banks.

General Electric (GE) is the largest service company in multiple areas and also a provider of industrial and consumer products of high quality and super technology. The company is dedicated to creating a better life through leading technology and service in the areas of airplane's engine, power generating equipment, financial service, medical imaging, TV programs and plastics. GE has operations in more than 100 countries, having nearly 300,000 employees. Jeff Immelt took the part of Jack Welch as GE CEO and president on September 7 of 2001. GE is the only company that is listed in the Dow Jones Industrial Index today and was also included in the original Index in 1896.

GE started doing business with China in 1906, and was considered one of the most dynamic and influential foreign companies then in China. In 1979, GE resumed trades with People's Republic of China. It opened its first Chinese JV - GE Hangwei Medical Systems Co., Ltd. in Beijing in 1991. So far, all the GE industrial product groups have had operations in China, and the number of total employees exceeds 11,000. GE has established 40 operating entities and its total investment is over 1.5 billion US dollars. GE's sales in China is about 2.6 billion US dollars.