China Minsheng Bank

China Minsheng Banking Corporation Limited
中国民生银行股份有限公司
Publicly traded company
Traded as SSE: 600016
SEHK: 1988
Industry Bank
Founded 1996 (1996)
Headquarters Beijing, China
Area served
 China, Hong Kong
Revenue $5.99 Billion US Dollars (2012)
Total assets $647.2 Billion US Dollars (2015)[1]
Owner Mainly private sector corporations in China
Divisions Minsheng Private Banking Service
Website www.cmbc.com.cn

China Minsheng Bank (simplified Chinese: 中国民生银行; traditional Chinese: 中國民生銀行; pinyin: Zhōngguó Mínshēng Yínháng), founded on January 12, 1996, in Beijing, is the first bank in China to be owned mostly by non-government enterprises.[2] The bank was founded by Jing Shuping, a Chinese lawyer and businessman who became prominent in the People's Republic of China after the nation's founding in 1949.[3]

Minsheng Bank is well known for focusing on making loans to small-medium enterprise. It has over two hundred banking outlets throughout China and relationships with more than seven hundred banks overseas.[2] The bank was publicly listed on the Hong Kong Stock Exchange in 2009.[4] As of 2015 it ranks first for ordinary risk reserve and loans to other banks.[5]

Minsheng Bank Tower is the tallest building in Wuhan and the 27th-tallest in the world.

See also

References

  1. ↑ http://www.forbes.com/global2000/list/2/#header:assets_sortreverse:true
  2. 1 2 "Official Company Profile". Cmbc.com.cn. Retrieved 2013-02-22.
  3. ↑ "Founder of China's private Minsheng Bank dies". Reuters. 2009-09-14. Retrieved 2009-09-21.
  4. ↑ http://www.hkex.com.hk/eng/invest/company/profile_page_e.asp?WidCoID=1988&WidCoAbbName=&Month=&langcode=e
  5. ↑ "China Minsheng Banking Corp.,Ltd. Fundamental Rankings". China Stock Facts. 2015.
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