China Merchants Bank

Intro and history: China Merchants Bank (CMB) was founded in 1987 by Li Jiange in Shenzhen, China. It was the first joint-stock commercial bank wholly owned by corporate legal entities in China. Over the years, CMB has grown into a leading retail bank in China with over 500 branches and nearly 800 billion yuan in assets. Industry: Banking and Financial Services Product, Services and Operations: CMB provides a wide range of financial services including retail banking, corporate banking, treasury operations, and other services. It offers deposit products, loan products, credit cards, foreign exchange, treasury business, investment banking, and wealth management services. Funding Details: Being a publicly traded company, CMB raises funds through the issuance of shares. As of 2020, its total assets were reported to be over CNY 7 trillion. Acquisitions: CMB has made several acquisitions over the years, including Wing Lung Bank in 2008, and China Merchants Fund in 2010. Awards and Achievements: CMB has received numerous awards and recognitions, including "Best Retail Bank in China" by Asian Banker, "Best Wealth Management Business" by The Banker, and "Best Private Bank in China" by Global Finance. Please note that the above information is subject to change and it's always best to check the company's official website or contact them directly for the most accurate and up-to-date information.