China Minsheng Banking Corp Ltd Class A
600016: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CNY 3.20 | Qpqj | Zxnt |
CMBC’s 1H Results Continued To Lag Peers on Significant Revenue Contraction
Business Strategy and Outlook
China Minsheng Banking Corp., or CMBC, was once a leader in China’s micro- and small enterprise, or MSE, financing market. The fragility of small private enterprises translated to a painful business restructuring for CMBC over the past six years. These difficulties are compounded by ongoing regulatory tightening to crack down on shadow bank credits and reduce wholesale funding.