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5 Fastest Rising Commercial Banks in China

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5 Fastest Rising Commercial Banks in China
China Merchants Bank
As the first commercial bank in China with its legal entity exclusively held by the corporations, CMB was founded in Shenzhen Special Economic Zone on April 1987. Within 20 years’ development, CMB has transformed itself from a regional bank to a nationwide commercial bank. As of the end of November, CMB has set up more than 500 branches in 40 cities. It has established correspondent relations with over 1100 banks globally. Although CMB accounts for only 4‰ of the total employees and 2‰ of the overall networks of China’s banking system, the Bank posts an asset of 1.6% and profit of 6% in the whole banking industry in China, which has clearly shown it outpaces over its peers. In addition, the Bank has been continuously included in Top 10 Valuable Listed Companies in China and Top Ten Influential Brands in China.
 
China CITIC Bank
China CITIC Bank is the first emerging national commercial bank established since China’s reform and opening up policy and is also the first bank to launch a dual-listing on the Shanghai and Hong Kong Stock Exchanges. Since its establishment in 1987, CITIC Bank has achieved excellent business performance through growth by striking the right balance between profitability, quality and scale and by pursuing risk-free profits, steadily-growing market value and constant expansion and innovation. According to the 2006 ranking of the British magazine ‘The Banker’, CITIC Bank comes 160th out of the world’s largest 1000 banks for tier one capital, and ranks 127th in terms of total assets.
 
Shanghai Pudong Development Bank
Shanghai Pudong Development Bank, SPDB, incorporated on January 9, 1993 with the approval of the People's Bank of China, is a joint-stock commercial bank with its headquarters located in Shanghai. By the end of the year 2007, the bank's total assets reached RMB9149.80 billion, the outstanding balance of all deposits stood at RMB7634.73 billion and outstanding loans of RMB5509.88 billion Yuan. The bank has set up 24directly subordinate branches and sub-branches over the country, with a total of 408 business network sites.
 
China Minsheng Banking Corp., Ltd
Established officially in Beijing on January 1996, China Minsheng Banking Corp., Ltd. (“CMBC”) is the first national joint-stock commercial bank primarily held by non-public-owned enterprises. Over the past 12 years since its establishment, CMBC has achieved a rapid growth in both businesses and scale, and maintained good asset quality. Its profits have increased year after year. At June 2008, CMBC had total assets of RMB 1,062.2 billion, maintaining a leading position in China. Now, CMBC had set up 24 branches over the country, totaling 346 establishments. The rapid development of CMBC has attracted the attention of the public in China. In 2004, CMBC ranked No.18 in the selection of “China’s Most Dynamic Enterprises”, and ranked No.1 among the “2006 Top 100 Listed Private Enterprises” in terms of market value and social contribution.
 
China Everbright Bank
Established in August 1992, China Everbright Bank is headquartered in Beijing and is a financial institution that is founded under the approval of the State Council and the People's Bank of China. The Bank has made outstanding achievements through the years and has cultivated a strong competitive edge in many aspects. By the end of 2008, the Bank's total assets reached RMB843 billion. The Bank is now covering 45 major cities with its 30 branches and 426 banking outlets. The Bank now has about 17, 000 employees, more than 70% of whom have bachelor's degree. As a nationwide joint-stock commercial bank, it is marching towards its strategic target of being an excellent listed bank.

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