China Minsheng Banking Corp Ltd - Company Profile
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China Minsheng Banking Corp Ltd (CMBC) is a provider of a range of commercial banking, retail banking, and treasury products and services to individuals and corporate customers. Its products portfolio comprises accounts and cards, loans and financing, and e-banking. The bank’s offerings under accounts and cards include savings accounts, current accounts, term deposits, foreign currency deposits, and debit and credit cards. CMBC's loan and financing portfolio consist of loans for personal needs, house, mortgage, working capital, and business. The bank’s e-banking services include online banking, telephone banking, mobile banking, and self-service banking. CMBC also provides various services such as financial planning, trading, asset management, cash management, treasury, and wealth management. The bank operates through branch offices in China and Hong Kong; and has correspondent banks in multiple countries in Asia, Oceania, Africa, Europe and America. CMBC is headquartered in Beijing, China.
Headquarters
China
Address
No. 2 Fuxingmennei Avenue, Xicheng District, Beijing, 100031
Website
www.cmbc.com.cn
Telephone
86 10 58560975
No of Employees
61,973
Industry
Financial Services
Ticker Symbol & Exchange
600016 (SHA)
Revenue (2022)
$46.3B
-5.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
2.6%
(2022 vs 2021)
Market Cap*
$22.1B
Net Profit Margin (2022)
XYZ
8.1%
(2022 vs 2021)
* As of and is in US$
China Minsheng Banking Corp Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | ATM Services |
| Current Accounts | Asset Management |
| Saving Accounts | Wealth Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In March, the company and Liaoning Fangda Group Industrial entered into an agreement to deepen the multi-layered and all-round cooperation. |
| 2022 | Contracts/Agreements | In June, the company entered into a loan agreement with the United Laboratories International Holdings Limited for a term loan facility equal to equivalent of HK$300,000,000. |
| 2020 | Regulatory Approval | In April, the company received approval to acquire operations of Baoshang Bank. |
Competitor Comparison
| Key Parameters | China Minsheng Banking Corp Ltd | Industrial and Commercial Bank of China Ltd | Bank of China Ltd | Postal Savings Bank of China Co Ltd | Industrial Bank Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Beijing | Beijing | Beijing | Beijing | Fuzhou |
| State/Province | Beijing | Beijing | Beijing | Beijing | Fujian |
| No. of Employees | 61,973 | 415,719 | 304,245 | 191,453 | 69,840 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gao Yingxin | Chairman | Executive Board | 2020 | 61 |
| Zheng Wanchun | President; Vice Chairman | Executive Board | - | 59 |
| Bai Dan | Chief Financial Officer; Director; General Manager - Finance and Accounting Department | Executive Board | 2018 | 60 |
| Liu Yonghao | Vice Chairman | Executive Board | 2009 | 72 |
| Lin Yunshan | Executive Vice President | Senior Management | 2012 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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