Recent events
Recent events tied to this brand in public sources.
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2022
China Merchants Bank grants Joy City Property an acquisition financing facility
Under a cooperation agreement, China Merchants Bank will provide Joy City Property with a 10 billion yuan acquisition financing facility for its acquisition business.
2022
China Merchants Bank wins 17 Euromoney awards
Euromoney announced that China Merchants Bank won 17 awards in its 2022 Private Banking and Wealth Management Awards, including the ESG/Sustainable Investment category; it also won the overall Best Private Bank in China award.
2022
China Resources Land and China Resources Mixc Lifestyle sign financing partnership with China Merchants Bank
China Resources Land and its subsidiary China Resources Mixc Lifestyle signed strategic cooperation agreements with China Merchants Bank for acquisition financing. China Merchants Bank granted financing facilities of RMB 20 billion to China Resources Land and RMB 3 billion to China Resources Mixc Lifestyle for their acquisition businesses.
2021
American Express-branded RMB debit card launched in China
American Express announced that its China-based joint-venture card-clearing institution, LianTong, had partnered with Industrial Bank to launch an American Express-branded debit card supporting RMB transactions, described as the first of its kind globally. China Merchants Bank, China CITIC Bank and China Guangfa Bank were identified as initial issuer partners to follow.
2021
Five banks fined a total of 366 million yuan
China's banking regulator imposed administrative penalties on Huaxia Bank, Bohai Bank, Bank of China, China Merchants Bank and Bank of East Asia China, with fines totaling about 366 million yuan. The source does not specify the underlying violations.
2021
WM Motor announces RMB 11.5 billion strategic financing cooperation
WM Motor announced strategic cooperation agreements totaling RMB 11.5 billion with multiple banks and financial institutions. The first RMB 3.5 billion credit facility from a Shanghai banking syndicate had been signed.
2020
China Merchants Bank announces its chairman’s resignation
China Merchants Bank announced that Li Jianhong applied to resign as chairman, non-executive director, chair of the board’s strategic committee and member of its nomination committee due to a work transfer.
2020
CMB lowers financing costs for small businesses
CMB said it proactively lowered prices for small-business customers and reported that the interest rate on inclusive small-business loans issued that year was 4.62%, 68 basis points below the same period a year earlier.
2020
Regulator fines two banks over customer information protection violations
On August 5, the China Banking and Insurance Regulatory Commission disclosed that China Merchants Bank Credit Card Center and Bank of Communications Pacific Credit Card Center had each been fined RMB 1 million for failing to fulfill security-protection obligations concerning customer personal information. The cited violations occurred in 2019.
2020
Huayi Brothers and China Merchants Bank sign strategic cooperation agreement
Huayi Brothers and China Merchants Bank signed a strategic cooperation agreement covering enterprise services and cross-sector financing. China Merchants Bank planned to provide up to RMB 1.5 billion in comprehensive credit for Huayi Brothers' film and television project slate, to be used across project development and production.
2020
China Merchants Bank Suzhou Branch and Tongxieyi sign strategic partnership
China Merchants Bank Suzhou Branch signed a strategic partnership with Tongxieyi New Drug Talent Club at a biomedical conference in Suzhou.
2020
China Merchants Bank ranks 17th in The Banker’s 2020 global bank ranking
The Banker published its 2020 ranking of the world's 1,000 largest banks on July 1, placing China Merchants Bank 17th by Tier 1 capital, up two places from the previous year.
2020
CMB and YTO Express form an employment-support partnership
CMB's Shanghai branch and YTO Express entered into a cooperation arrangement under which CMB would provide financial support through inclusive finance and supply-chain financing.
2020
China Merchants Bank and I-Mab sign strategic cooperation agreement
China Merchants Bank and I-Mab signed a strategic cooperation agreement. Subject to applicable requirements, China Merchants Bank intends to provide I-Mab with a comprehensive financing facility of at least RMB 2 billion over the next five years and financial services.
2020
China Merchants Bank launches customized paired horoscope credit-card service
China Merchants Bank launched a customized service allowing eligible customers to apply for two Horoscope Guardian credit cards with a personalized commemorative number printed on both cards.
2020
China Merchants Bank responds to claims of customer information being sold
China Merchants Bank said that comparison with its data showed the information circulating online did not match its actual customer information. It condemned the fabrication and sale of citizens' information and said it reserved the right to pursue legal responsibility for damage to its reputation.
2020
China Merchants Bank reports 2019 annual results
China Merchants Bank disclosed its 2019 annual report on March 20, 2020. It reported net profit attributable to shareholders of RMB 92.867 billion, up 15.28% year over year.
2020
China Merchants Bank launches anti-epidemic service zone in its app
China Merchants Bank, together with multiple partner institutions, launched an anti-epidemic service zone in its app, offering services including real-time epidemic information and online consultations.
2019
China Merchants Bank launches Zhaodai App for small-business owners
China Merchants Bank launched the Zhaodai App, offering small-business owners an end-to-end online service for small-business loans and related financial services.
2019
China Merchants Bank Nanning Branch signs strategic cooperation agreement with Wuxiang New Area
China Merchants Bank Nanning Branch and the Wuxiang New Area Construction and Management Committee signed a strategic cooperation agreement. The bank said it would provide a range of financial services to the committee and businesses under its jurisdiction.