China Merchants Bank: Chinese Mega Regional Bank
China is always in the news primarily because of its ever growing economic power and it’s not only due to manufacturing, financing is also important and one of the banks that has played a big role in this area is China Merchants Bank.
China Merchants Bank is headquartered in Shenzhen, China and was founded on April 8, 1987. The bank has 75,109 employees and generates annual sales in excess of $45 billion.
China Merchants Bank Co. Ltd. engages in the provision of corporate and retail banking products and services, conducting treasury business, the provision of asset management and trustee services and other financial services.
The bank’s Wholesale Banking segment provides financial services to corporations and institutions which include lending and deposit taking activities, project and structured finance products, syndicated loans, cash management, investment advice, treasury business and other investment service.
Its Retail Banking segment provides financial services to retail customers which include lending and deposit taking activities, credit card facilities and investment services. The bank’s Treasury Business segment covers interbank and capital market activities and proprietary trading. Its Other segment includes insurance underwriting, insurance agency, securities and future brokerage services, investment properties and interest in associates.