China Minsheng Bank Co., Ltd
China Minsheng Bank Co., Ltd., approved by the State Council's No.32 document and the people's Bank of China's No.14 document, is set up by the all China Federation of industry and commerce. 59 units, including Guangzhou Yitong Group Co., Ltd., China Township Enterprise Investment and Development Co., Ltd., China National Coal Industry import and Export Corporation, China Shipowners Mutual Insurance Association and Shandong Oceanwide Group Co., Ltd., are the promoters A joint stock commercial bank established in accordance with the commercial bank law and the company law. China Minsheng Bank Co., Ltd. was registered on February 7, 1996 with a registered capital of 1380248 million yuan.
In August 2016, China Minsheng Bank Co., Ltd. ranked 48th in the "2016 top 500 Chinese enterprises". On December 5, 2018, it won the best investor relationship management listed company of the 8th Hong Kong International Financial Forum and China Securities Golden Bauhinia Award. On September 1, 2019, the list of top 500 Chinese service enterprises in 2019 was released in Jinan, and China Minsheng Bank Co., Ltd. ranked 31st. On November 19, 2019, the list of Asian financial competitiveness in 2019 was announced, and the award of "excellent corporate banking in 2019" of China Minsheng Bank Co., Ltd.
Company profile
Approved by China Securities Regulatory Commission (CSRC) No.146, China Minsheng Bank Co., Ltd. issued 350 million RMB ordinary shares to the public through Shanghai Stock Exchange on November 27, 2000, with a par value of 1.00 yuan per share and an issue price of 11.80 yuan per share. After the issuance, the total share capital of China Minsheng Bank Co., Ltd. was 1730248000 shares.
Nature of Business
(1) To absorb public deposits; (2) to issue short-term, medium-term and long-term loans; (3) to settle accounts at home and abroad; (4) to accept and discount bills; (5) to issue financial bonds; (6) to issue, honor and underwrite government bonds as an agent; (7) to buy and sell government bonds and financial bonds; (8) to engage in interbank lending; (9) to buy and sell foreign bonds as an agent (10) to engage in bank card business; (11) to provide letter of credit service and guarantee; (12) to act as an agent for collection and payment and insurance business; (13) to provide safe deposit box service; (14) other business approved by the banking regulatory authority of the State Council. With the approval of the people's Bank of China, this bank may engage in the business of foreign exchange settlement and sale.
summary
China Minsheng Bank Co., Ltd. was formally established in Beijing on January 12, 1996. It is a national joint-stock commercial bank and a standardized joint-stock financial enterprise established in strict accordance with the company law and the commercial bank law. Different from state-owned banks and other commercial banks, China Minsheng Bank has attracted the attention of economic and financial circles at home and abroad due to the involvement of various economic elements in China's financial industry and the realization of standardized modern enterprise system. Since its establishment 15 years ago, China Minsheng Bank has been expanding its business, expanding its scale, increasing its efficiency year by year, and maintaining a good asset quality.
On December 19, 2000, China Minsheng Bank A-share (600016) was listed on Shanghai Stock Exchange. On March 18, 2003, China Minsheng Bank's 4 billion convertible corporate bonds were officially listed on the Shanghai Stock Exchange. On November 8, 2004, China Minsheng Bank passed the approval of China Minsheng Bank
The interbank bond market has successfully issued 5.8 billion yuan of subordinated bonds, becoming the first commercial bank in China to successfully issue subordinated bonds in the national interbank bond market. On October 26, 2005, Minsheng Bank successfully completed the non tradable share reform, becoming the first commercial bank to complete the non tradable share reform in China, providing a successful example for the non tradable share reform in China's capital market.
Since its listing, China Minsheng Bank has carried out beneficial exploration in reform, development and management in accordance with the operation and development policy of "uniting and striving, pioneering and innovating, cultivating talents; strict management, standardizing behavior, being dedicated and law-abiding; paying attention to quality, improving efficiency, and healthy development". It has successively launched "large concentration" technology platform, "two rate" assessment mechanism, and "three card" project System innovation, such as process, independent evaluation system, eight basic management systems, centralized business model and business division reform, has achieved the strategic goal of low risk, rapid growth and high efficiency, and established a brand-new commercial bank image full of vitality.
Group assets
As of December 31, 2010, the group's total assets reached 1823.737 billion yuan, an increase of 27.86% compared with the end of the previous year; the total loans and advances reached 1057.571 billion yuan, an increase of 19.77% compared with the end of the previous year; the net profit reached 17.688 billion yuan, an increase of 46.09% compared with the end of the previous year; the non-performing loan ratio was 0.69%, a decrease of 0.15% compared with the end of the previous year; the provision coverage rate reached 270.45%, an increase of 64.41% compared with the end of the previous year.
As of June 30, 2011, China Minsheng Bank has been established in Beijing, Shanghai, Guangzhou, Shantou, Shenzhen, Wuhan, Dalian, Nanjing, Hangzhou, Taiyuan, Shijiazhuang, Chongqing, Xi'an, Fuzhou, Jinan, Ningbo, Chengdu, Tianjin, Kunming, Nanchang, Suzhou, Qingdao, Wenzhou, Xiamen, Quanzhou, Zhengzhou, Luoyang, Nanyang, Changsha, Changchun, Hefei, Xiangyang, Luliang and Daliang 40 branches have been set up in Tongzhou, Weifang, Nantong, Hengyang, Zhongshan, Yichang, Huangshi (Preparatory), 11 direct branches have been set up in Xianning, Wuxi, Changzhou, Zhenjiang, Yantai, Shaoxing, Putian, Dongguan, Foshan, Zhuzhou, Xiaogan (Preparatory), and 1 representative office has been set up in Hong Kong, with a total number of 482 institutions. In addition, a number of village banks have been set up.
China Minsheng Bank
The rapid development of Minsheng Bank is highly concerned and recognized by the public and the industry in China. In 2004, Minsheng Bank ranked 18th in the "China's most viable enterprise" selection, and won the title of "China's top 100 most viable enterprises in 2004"; in 2005, Minsheng Bank ranked 22nd in China's top 500 enterprises in information technology; in 2005, Minsheng Bank won the title of "2005 Best online bank"; in 2006, Minsheng Bank won the title of "2005 best online bank" In November 2007, Minsheng Bank won the title of top 10 Chinese banks in the first financial brand value list of 2007, and also won the "best trade financing bank Award" selected by "21st century economic report" and other institutions; in December 2007, Minsheng Bank won the "extraordinary financing" business China Minsheng Bank won the "China Banking Industry Innovation Award" and "the best personal finance brand in China banking industry"
In February 2007, the board of directors of China Minsheng Bank approved the five year development outline of China Minsheng Bank. After more than 10 years of rapid development, the introduction of the development outline is an important symbol of Minsheng Bank's re positioning and strategic transformation. It is the first time for Minsheng Bank to systematically and comprehensively plan its development vision, business indicators and implementation methods in the next three to five years. In 2009, Minsheng Bank made efforts to systematically sort out and diagnose the existing management system, further straightened out various production relations affecting the operation and management of general branches and business divisions, completed the optimization design of management support system, and laid the foundation for the comprehensive process bank construction. The four-year development of the new core system has been basically completed. Some projects have been launched one after another, and the bank system reengineering covering all business levels of the bank will be in full swing.
In April 2008, Minsheng Bank won the "golden round table Award" of the Fourth Board of directors of China's listed companies. In December 2009, Dong Wenbiao, chairman of the board of directors, was elected as "person of the year of CCTV 2009 China economy"; in January 2010, Minsheng Bank won "2009 China brand social responsibility Contribution Award"; in January 2010, Minsheng Bank was rated as "China's most influential enterprise in 2009", ranking fourth, and the only private enterprise among the elected enterprises. Only ICBC and Minsheng Bank are in the banking industry In January 2010, Dong Wenbiao, chairman of Minsheng Bank, was rated as "the most concerned entrepreneur in 2009" by China Enterprise Federation and China Entrepreneurs Association, and ranked first; in February 2010, Hong Qi, President of Minsheng Bank, was rated as "outstanding contributor to China's corporate culture construction"; in 2009, Minsheng Bank was successfully listed on the Hong Kong stock exchange, becoming the Hong Kong stock exchange of the year The largest IPO in the stock market, H-share stock code -- (01988, HK).
In June 2009, Minsheng Bank, with its simple concept of responsibility and lofty dream of responsibility, especially the snow disaster in southern China and Wenchuan earthquake in 2008, and its continuous public welfare investment in poverty alleviation, education, culture and art, was shortlisted in the "top 50 CSR of Hurun in 2009"; On August 5, 2009, Minsheng Bank was selected into the Shanghai Stock Exchange social responsibility index. In September 2009, Minsheng Bank was selected into the "2009 China corporate social responsibility list", and won the "2009 China corporate social responsibility special award" and "2009 China corporate social responsibility excellent case".
Development history
On May 23, 1995, Jing Shuping, chairman of the all China Federation of industry and Commerce and leader of the Preparatory Leading Group of Minsheng Bank, disclosed to the press that the Minsheng Bank of China, led by the all China Federation of industry and commerce, has been approved by the State Council
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CHINA MINSHENG BANKING CORPORATION LIMITD
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