China Merchants Bank

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