China Merchants Bank Co Ltd Class H

03968: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 97.00	Syqqkx	Sxkjbpmctq

China Merchant Bank's Revenue Pressures Persist With No Sight of Major Consumption Recovery

Iris Tan

Mar 27, 2024

Business Strategy and Outlook

China Merchants Bank stands out thanks to its leading position in retail banking business and enviable funding cost advantage, which delivers one of the strongest returns on assets among peers. We believe strong returns and competitive advantages endow it with a narrow economic moat.

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