China Merchants Bank
招商银行
Finance, Insurance & FintechShenzhen · South (Guangdong · Hong Kong · Hainan)
Business focus
Finance, Insurance & Fintech
Description
China Merchants Bank (招商银行), founded in Shekou, Shenzhen in 1987 by China Merchants Group, was the first Chinese joint-stock bank wholly owned by corporate entities. By mid-2024 total assets reached RMB11.57 trillion (7th among domestic banks), with net operating income RMB172.9bn and net profit RMB74.7bn. Long China's leading retail bank, repeatedly named 'Best Retail Bank in China,' it also runs corporate banking and asset management.