China Merchants Bank
China Merchants Bank is a Chinese bank headquartered in Futian District, Shenzhen, Guangdong, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities in China.
CMB has over five hundred branches in mainland China and one in Hong Kong. In November 2007, as part of a drive for international growth, it won federal approval to open a branch in New York City.Business areas
CMB operates the following businesses:
Personal Banking Business, including personal savings, personal loans, investment banking, foreign exchange trading, gold trading and bank card services, among others.
Corporate & Investment Banking Business, including corporate savings, corporate loans, international settlements, trade financing, assets custody, M&A advisory, FX, fixed income, syndication among others.
As of December 31, 2008, the Bank had 44 branches and 623 sub-branches, one representative, one credit card center, one credit loan center for small companies, as well as 1,567 self-service banks in China.
