China Minsheng Banking: Chinese Mega-Bank
China Minsheng Banking Corp., Ltd, was founded on January 12, 1996, and is based in Beijing, China. The bank engages in the provision of corporate and personal banking, treasury business, financing leasing, assets management, and other financial services. It operates its business through the following segments: Corporate Banking, Personal Banking, Treasury and Others.
The Corporate Banking segment offers deposits, loans, trust, trade-related products, other credit services, and foreign currency services. The Personal Banking Segment deals with savings deposits, investment savings products, credit and debit cards, Shang Dai Tong, residential mortgage, and consumer credit. The Treasury segment provides foreign exchange trading, interest rate and foreign exchange derivatives transactions, proprietary trading and asset-liability management. The Others segment includes investments and any other business which cannot form a single reportable segment.
China Minsheng Banking has around 57,406 employees with sales of around $40 billion. The bank is well known for focusing on making loans to small-medium enterprises. It has more than two hundred banking outlets throughout China and relationships with more than seven hundred banks overseas.