China Minsheng Bank

China Minsheng Banking Corporation Limited
中国民生银行股份有限公司
Company typePublicly traded company
SSE: 600016
SEHK1988
SSE 50 Component
IndustryBank
Founded12 January 1996; 28 years ago (1996-01-12)
HeadquartersNo. 2 Fuxingmennei Avenue, Xicheng District,
Area served
Mainland China
Hong Kong
RevenueUS$25.99 billion (2019)
Total assetsUS$647.2 billion (2015)[1]
OwnerMainly private sector corporations in China
DivisionsMinsheng Private Banking Service
Websitewww.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) is a significant Chinese bank, founded in 1996 by lawyer and businessman Jing Shuping.[2] It was the first bank to be established with an ownership base of private sector shareholders, as part of Chinese economic reform led by Premier Zhu Rongji.[3]

Minsheng Bank focuses 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.[3] The bank was publicly listed on the Hong Kong Stock Exchange in 2009.[4]

  1. ^ "The World's Biggest Public Companies". Forbes.com. Retrieved 4 December 2017.
  2. ^ "Founder of China's private Minsheng Bank dies". Reuters. 2009-09-14. Retrieved 2009-09-21.
  3. ^ a b "Official Company Profile". Cmbc.com.cn. Archived from the original on 2013-01-01. Retrieved 2013-02-22.
  4. ^ "HKEX Group". Hkex.com.hk. Retrieved 4 December 2017.