China Minsheng Bank (), founded on January 12, 1996, in
Beijing, is the first bank in China to be owned mostly by
private sector enterprises.
The bank was founded by
Jing Shuping
Jing Shuping (, 7 July 1918 – September 14, 2009) was a Chinese businessman who founded the Minsheng Bank, the first privately owned bank to open in the Communist People's Republic of China, in 1996.
Jing Shuping graduated from Saint John' ...
, a Chinese lawyer and businessman.
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.
The bank was
publicly listed
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in Over-the-counter (finance), over-the-counter markets. A public (publicly traded) comp ...
on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
in 2009.
Business description
Strategic positioning
Officially established on 12 January 1996, CMBC initially formulated its strategic positioning of non-state-owned, high-tech, and large enterprises. Nonetheless, the orientation ended in failure with 8.72% of the non-performing loan rate and 40% loss of Return On Equity (ROE) until 1999.
For reversing the unfavourable prospect, CMBC initiates continuous internal reformation such as the replacement of leadership in April 2000
and “the enterprise business and divisional organisation reform” in 2007.
In 2009, CMBC confirmed its strategic positioning that fundamentally focuses on private, small and medium corporations and advanced technological businesses, offers moderate risk-taking and heterogeneous financial products and services, and dedicates to expanding path to profitability.
In 2011, CMBC innovated its orientation by establishing “a ‘customer-focused’ scientific and strategic implementation system” for sufficient development and further interests.
See also
*
Minsheng Bank Building
The Minsheng Bank Building (also known as Wuhan International Securities Building) is a supertall skyscraper located in Wuhan, Hubei, China. It is the tallest building in mainland China entirely steel-structured lacking a reinforced concrete ...
*
Liu Yonghao
References
External links
China Minsheng Bank's website
China Minsheng Bank's website
Companies listed on the Shanghai Stock Exchange
Companies in the CSI 100 Index
Companies listed on the Hong Kong Stock Exchange
Banks of China
Companies based in Beijing
Banks established in 1996
H shares
Chinese brands
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