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China Merchants Bank Co Ltd ADR CIHKY

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Morningstar’s Analysis

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Company Profile

Business Description

Founded in 1987, China Merchants Bank is China's sixth- largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network is expanding rapidly. Its outlets are located mainly in China's more developed areas, such as the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking and wholesale banking accounted for 60%, 36%, and 4% of total profit before tax, respectively, and 54%, 41%, and 5% of total revenue in mid-2019.

Contact
No. 7088 Shennan Boulevard, China Merchants Bank Building
Shenzhen, 518040, China, People's Republic of
T +86 75583198888
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 88,535