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China Minsheng Banking Corp., Ltd. (1988.HK)

HKSE - HKSE Delayed price. Currency in HKD
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2.910-0.030 (-1.02%)
At close: 04:08PM HKT

China Minsheng Banking Corp., Ltd.

No. 2 Fuxingmennei Avenue
Xicheng District
Beijing 100031
China
86 10 5856 0975
https://www.cmbc.com.cn

Sector(s)Financial Services
IndustryBanks - Regional
Full-time employees63,742

Key executives

NameTitlePayExercisedYear born
Mr. Yingxin GaoExecutive Chairman of the Board4.11MN/A1962
Mr. Bin ZhangChief Information OfficerN/AN/A1967
Ms. Bin LiExecutive VP & Board SecretaryN/AN/A1967
Mr. Yunshan LinExecutive Vice PresidentN/AN/A1970
Mr. Jie ShiExecutive Vice PresidentN/AN/A1965
Mr. Juntong ZhangExecutive Vice President3.37MN/A1974
Mr. Xiaoyong WangPresidentN/AN/A1970
Mr. Hongri HuangExecutive Vice PresidentN/AN/A1972
Jun CongPresident of Shanghai BranchN/AN/AN/A
Ms. Yuet Fan Cheung ACIS, ACS, AHKICSCompany SecretaryN/AN/A1965
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

China Minsheng Banking Corp., Ltd. provides banking products and services for individuals, small and micro-enterprises, corporate customers, government agencies, and financial institutions in the People's Republic of China. The company operates through Corporate Banking, Retail Banking, and Others segments. Its deposit products include saving accounts, deposit books and certificates, contracted deposits, agreement deposits, call deposits, corporate term deposits, and corporate current deposits. The company also offers personal housing mortgage, individual automobile purchase, household composite consumption, micro-credit products for individuals, medium and long term, and short-term working capital loans; and debit and credit cards. In addition, it provides appointed and domestic remittance, payment and collection agent, clearing, safe deposit boxes, VIP, and salary and welfare agent card services, as well as internet, mobile, telephone, and self-serve banking services. Further, the company offers gross settlement; wages distribution agency and letter of guarantee; cash management; trade finance; industrial chain finance; individual forex settlement, forex remittance, travelers promissory notes, collection, individual deposit certificate, and guarantee letter products; and comprehensive credit granting, forex settlement and sale, financial product investment, asset management, and trust financing services. Additionally, it provides convenient finance and investment banking services, as well as non-financial services in the education, business travel, traveler, art, luxury life, health, club, and isports areas. The company operates through branch-level institutions, business outlets, community sub-branches, and small business sub-branches. China Minsheng Banking Corp., Ltd. was incorporated in 1996 and is headquartered in Beijing, the People's Republic of China.

Corporate governance

China Minsheng Banking Corp., Ltd.’s ISS governance QualityScore as of 1 June 2024 is 8. The pillar scores are Audit: 10; Board: 4; Shareholder rights: 9; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.