China Merchants Bank Co., Ltd.

Chinese commercial bank known for retail, wealth management and credit cards

What China Merchants Bank does

China Merchants Bank is a Shenzhen-based bank that takes deposits and lends money to individuals and businesses. It offers home, car and consumer loans, credit cards, and wealth management and investment products. It also serves companies with corporate lending, trade finance and investment banking services, and it has branches in Hong Kong, New York, London, Singapore, Luxembourg and Sydney.

How China Merchants Bank makes money

It mainly earns net interest income from the spread between what it pays on deposits and what it charges on loans. It also earns fees and commissions from credit cards, wealth management, fund and insurance distribution, custody, settlement and advisory services.

Products & services

• Retail loans (housing, car, consumption)
• Credit cards
• Wealth management, funds and private banking
• Corporate loans and trade finance
• Investment banking (debt underwriting, M&A financing)
• Custody, pension and electronic banking