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| Banks
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中国主要商业银行
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China Minsheng Banking Corporation
Limited 中国民生銀行
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Address:
No 4 Zhengyi Road Dongcheng District
Beijing, 100006
Official Website:
http://www.cmbc.com.cn
Phone:
+86 10 6526 9592
Fax:
+86 10 6522 9104
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About:
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Founded on January 12, 1996 in Beijing, China Minsheng Banking Corp., Ltd. (“Minsheng”) is the first national joint-stock commercial bank in China with stocks mainly held by non-state-owned enterprises. It is also a standard joint-stock financial institution set up strictly in accordance with the Company Law and the Commercial Bank Law, which distinguishes itself significantly from state-owned banks and other Chinese banks. Minsheng has been well known to domestic and overseas financial markets. Since its establishment 10 years ago, Minsheng achieved a rapid growth on its assets and profit while its asset quality being controlled at a very low level.
Minsheng listed its A-shares(600016) at the Shanghai Stock Exchange on December 19, 2000 where Minsheng issued RMB 4 billion of convertible corporate bonds on March 18, 2003. On November 8, 2004, Minsheng successfully issued RMB 5.8 billion of subordinated bonds in inter-bank bond market where Minsheng is the first commercial bank that issued subordinated bonds by private placement. Minsheng’s achievement has been further enhanced on October 26, 2005 when it became the first commercial bank that accomplished the shares merger reform and established a successful model in China’s capital market reform.
Since its listing at Shanghai, Minsheng has explored and accumulated valuable experience on company’s reform, development and management by following a management principal of Unity and Striving, Exploration and Innovation, Cultivation of Talents; Strict Management, Normative Operation, Career Dedication with Law Rein; Quality Focusing, Efficiency Upgrading and Healthy Development. Minsheng has centralized its business processing system and adopted a net profit-oriented performance appraisal and motivation mechanism for each business unit. It also attracted and retained many talent staff by enhancing its motivation system through a project named Three Cards, including salary, benefit, and training, which maintained Minsheng one of the most attractive employers. The independent credit assessment framework also contributed to the low NPL ratio. Apart from these, Minsheng has upgraded its business operations in eight areas it identified important to its growth and development. Recently, Minsheng started to adopt SBU mechanism at its important business lines. In a word, Minsheng achieved its strategic target of Low Risk, Rapid Growth and High Profit, and emerged as a vigorous and dynamic young bank.
As to date, Minsheng has a total assets, total deposits and total loans (including bills discounted) of RMB 500 billion, 400 billion and 300 billion respectively, while the NPL ratio being effectively achieved under 2%, one of the lowest in China.
Minsheng has established 20 main branches in Beijing, Guangzhou, Shanghai, Shenzhen, Wuhan, Dalian, Hangzhou, Nanjing, Chongqing, Xi'an, Fuzhou, Ji’nan, Taiyuan, Shijiazhuang, Chengdu, Ningbo, Tianjin, Kunming, Quanzhou and Suzhou, and a direct-reporting sub-branch in Shantou, Guangdong province. It has an aggregate of banking outlets of more than 200 and also has correspondent relationship with 749 overseas banks in 78 nations and regions.
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