Is China Merchants Bank a state-owned enterprise?

China Merchants Bank is a state-owned enterprise.

The controlling shareholder of China Merchants Bank is China Merchants Group. China Merchants Group is an important state-owned enterprise directly managed by the central government. It is headquartered in Hong Kong and is one of the earliest Chinese-funded enterprises established and operated in Hong Kong. It is a century-old central enterprise. , comprehensive central enterprises, central enterprises stationed in Hong Kong.

China Merchants Group is a pioneer of Chinese national industry and commerce. It was founded in 1872 during the Westernization Movement. In 2022, it will celebrate its 150th anniversary. As China's first joint-stock company in modern times, China Merchants Group established China's first merchant fleet in modern times, opened China's first bank, first insurance company, etc., created China's modern national shipping industry, and led to many other The development of modern industries plays an important role in the history of modern Chinese economic and social development.

China Merchants Group devoted itself to reform and opening up in 1978. In 1979, it began to develop the Shekou Industrial Zone, China’s first open industrial park, which had a wide impact at home and abroad. It proposed that “time is money”. , Efficiency is Life", a slogan that shocked an era, took the lead in erecting the slogan "Empty talk will ruin the country, but hard work will rejuvenate the country", and founded China Merchants Bank, the first joint-stock commercial bank in China that is entirely owned by corporate legal persons. ”, providing useful experience for China’s exploration of reform and opening up.

Introduction to China Merchants Bank

The head office of China Merchants Bank is located in Futian District, Shenzhen City, Guangdong Province, China. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange. On September 8, 2006, China Merchants Bank began its public offering in Hong Kong, issuing approximately 2.2 billion H shares, and was listed on the Hong Kong Stock Exchange on September 22. As of the first half of 2017, China Merchants Bank has more than 1,800 branches at home and abroad, has established service outlets in more than 130 cities in mainland China, has 5 overseas branches and 3 overseas representative offices, and employs more than 70,000 people.

In addition, China Merchants Bank also wholly owns China Merchants Bank Financial Leasing Co., Ltd., controls China Merchants Fund Management Co., Ltd., holds 50% of the shares of China Merchants Cigna Life Insurance Co., Ltd., and 50% of China Merchants United Consumer Finance Company. % equity; wholly-owned holdings of Wing Lung Bank Co., Ltd. and CMB International Financial Holdings Co., Ltd. in Hong Kong.

Reference for the above content: Official website of China Merchants Group - Group Profile