1987, China Merchants Bank was established in Shekou, the forefront of China's reform and opening up. It is the first joint-stock commercial bank wholly owned by an enterprise legal person in China and the first pilot bank promoted by the state from outside the system. Now it has developed into a banking group listed in Shanghai and Hong Kong, with financial licenses such as commercial banking, financial leasing, fund management, life insurance and overseas investment banking.
China Merchants Bank is headquartered in Futian District, Shenzhen. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange. On September 8, 2006, China Merchants Bank began its public offering in Hong Kong, issuing about 2.2 billion H shares and raising HK$ 20 billion. It was listed on the Hong Kong Stock Exchange on September 22. The net capital exceeds 290 billion, and the total assets exceed 4.4 trillion. By the first half of 20 17, China Merchants Bank had more than 1800 domestic and overseas branches, set up service outlets in more than 30 cities in Chinese mainland/kloc-0, and had 5 overseas branches and 3 overseas representative offices with more than 70,000 employees. In addition, China Merchants Bank also wholly owns CMB Financial Leasing Co., Ltd. and holds China Merchants Fund Management Co., Ltd., holding 50% equity of China Merchants Cigna Life Insurance Co., Ltd. and 50% equity of Zhaolian Consumer Finance Company; Wing Lung Bank Limited and CMB International Financial Holdings Limited are wholly-owned companies in Hong Kong.
Since its establishment, China Merchants Bank has always kept in mind the mission of "contributing to the real commercial banks in China" in its early days, always adhered to market orientation, customer first, technology-driven and expert management, and promoted the sustained social and economic progress with its own transformation and development: it took the lead in launching the national universal deposit and withdrawal card to lead the industry out of the passbook era; Take the lead in implementing AUM instead of deposit assessment, and guide social wealth from deposit to diversified financial allocation; Take the lead in exploring the "integration of investors and businessmen" to serve the escalating financing needs of the new kinetic energy of the economy; Take the lead in practicing digital transformation and open up the development space of ecological management.