Forget it. Minsheng Bank is a national bank and the only private bank. It should be considered a big bank. But it is definitely not comparable to the five major state-owned banks in the country, and it is not even close to commercial banks such as China Merchants Bank and China Everbright Bank. However, compared with banks in other regions, it is much larger in scale, so it can be considered a big bank.

Minsheng Bank’s margin financing information shows that on September 16, 2021, the net financing repayment was 7.4669 million yuan; the financing balance was 5.297 billion yuan, a decrease of 0.14 from the previous day. In terms of financing, 94.0059 million yuan was purchased on that day. , the financing repayment was 101 million yuan, and the net financing repayment was 7.4669 million yuan. In terms of securities lending, 1.0551 million shares were sold, 819,400 shares were repaid, the balance of securities lending was 23.6412 million shares, and the balance of securities lending was 94.0919 million yuan. The total balance of margin trading and securities lending was 5.392 billion yuan.

Minsheng Bank’s lax internal controls accumulated a large number of non-performing assets. In 2020, it accelerated the disposal of non-performing assets and recorded the “worst performance in history.” But looking forward to 2021, Minsheng Bank's performance is still difficult to say optimistically, and it may take 2-3 years to repair the problems left over from the past. Minsheng Bank was twice claimed by private banking customers, highlighting internal management loopholes? Recently, a civil judgment on a service contract dispute disclosed by the Beijing Court Trial Information Network showed that Yan Moubo, a private banking customer of Minsheng Bank, had signed up to participate in the "2015 Antarctic Environmental Protection Tour" project organized by Minsheng Bank, but an accident occurred during the trip. The tour group had no choice but to change or cancel part of its original itinerary.

After returning to China, Yan Moubo negotiated with the Private Banking Department of Minsheng Bank and decided to accept Minsheng Bank’s subsidy of 40,000 yuan per person and "privately" it. However, due to mistakes made by the operators of the travel agency, the insurance of Yan Moubo and other group members were also wrongly charged. The latter sued Minsheng Bank and the travel agency to court, demanding corresponding compensation. The thing itself is not a big deal, but it may live up to the Internet saying "it's not very harmful but it's extremely insulting". Private banking is a type of high-end financial service. Customers should have received "VIP" treatment, but they encountered accidents and human errors while traveling. This may highlight the loopholes in Minsheng Bank's internal management. Due to lax internal controls, Minsheng Bank recorded the “worst performance in history.” Not long ago, Minsheng Bank released its 2020 annual report.

In 2020, Minsheng Bank achieved operating income of 184.951 billion yuan, a year-on-year increase of 2.50; net profit attributable to the parent company was 34.309 billion yuan, a year-on-year decrease of 36.25; the average return on total assets and the net profit attributable to the bank’s ordinary shareholders The weighted average return on equity was 0.51 and 6.81, respectively, a year-on-year decrease of 0.36 and 5.59 percentage points, with a decrease of 41 and 45% respectively. Among them, in the fourth quarter of last year, Minsheng Bank suffered its largest quarterly loss since its listing. Its revenue in the fourth quarter was 41.6 billion yuan, a year-on-year decrease of 12.01%; its net profit was -3.02 billion yuan, a year-on-year decrease of 136.43%.