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The establishment of China Merchants Bank was brought
about by the reformation of China's financial system
in the 80's. China Merchants Bank has emerged as a typical
success of the financial reformation and has a history
of 15 years. The 15 years of reform, innovation and
development have turned China Merchants Bank into a
nation-wide bank and a model of China's growing banking
industry. With a staff of below 0.4% of the banking
population in the country and having less than 0.2%
of the total banking business outlets nation-wide, China
Merchants Bank accounted for approximately 1.6% of the
total profits of the country's banking industry. It
wins renown as the best bank in China and ranks among
the top 300 banks in the globe.
| MAJOR
HISTORICAL EVENTS |
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- Proposed by the Ministry of Communications and
approved by the People's Bank of China, Shekou Industrial
Zone Financial Company was established on 11 August
1986 with a paid-up capital of RMB 0.1 billion solely
from the China Merchants Group.
- In April 1987, China Merchants Bank became the
first joint-stock bank in China by reorganising Shekou
Industrial Zone Financial Company.
- From 1993 to 1996, the Bank increased its capital
and also capitalised its reserves, raising the share
capital from RMB 0.4 billion to RMB 2.807 billion.
- The People's Bank of China approved the Bank's
capital increase of RMB 1.4 billion on 15 June 1998,
raising the Bank's share capital to RMB 4.2 billion
and further strengthening the Bank's capital adequacy
ratio.
- In March 2001, Mr. Qin Xiao, chairman of the board
of directors of the China Merchants Group was appointed
chairman of the Bank's board of directors.
- On 15 March 2002, with the approval of the China
Securities Regulatory Commission, the Bank issued
for the first time 1.5 billion Renminbi ordinary shares
which were listed on the Shanghai Stock Exchange on
9 April 2002. The China Merchants Group now holds
a 25.5% interest in China Merchants Bank.
- In August 2002, China Merchants Bank established
a branch in Hong Kong.
| BUSINESS
DEVELOPMENT |
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In 1995, China Merchants Bank launched the“All-in-one
Card”and for this China Merchants Bank was accredited
by the domestic banking industry as a pioneer in personal
banking service. At the end of 2001, the number of“All-in-one
Cards”issued amounted to 16.68 million. In February 1998,
China Merchants Bank launched the“All-in-one Net”service
and this took the lead in banking technology and business
volume in the industry. Presently, China Merchants Bank
has successfully established its nation-wide business
network and is running at the forefront of the industry
in the computerisation of its services.“All-in-one Card”and“All-in-one
Net”are now very well-known brand products in China. As
at the end of 2001, China Merchants Bank has put up 293
business outlets in cities all over China, employing a
staff of 8,789. At the same time, China Merchants Bank
has lined up 896 correspondent banks in 62 countries and
areas. Total assets of China Merchants Bank reached RMB
266.32 billion at the end of 2001. The China Merchants
Group is the sole major shareholder and has a 25.5% interest
in the Bank.
| Contact
Details: |
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Address:7088 Shennan Road,Futian District
Shenzhen,P.R.China.
Tel: 86-755-83198888
Fax: 86-755-83195200
E-mail:szs@oa.cmbchina.com
Web site:http//:www.cmbchina.com
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Copyright ©2006 China
Merchants Finance Holdings Co.,Ltd.
Address:27/F,China Merchants Tower,Shun Tak Centre,168-200 Connaught Road Central,Hong Kong
Tel: (852) 25428161 Fax: (852)28517552 Email: cmfh@cmhk.com
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China Merchants Bank