The calculation method for overdue interest on China Merchants Bank's credit cards is as follows: the number of days from the recording date of each account to the date the account is paid off is the number of days for interest accrual, and the daily interest rate is 5/10,000.

Not only will interest be charged for overdue credit cards from China Merchants Bank, but a certain amount of late payment fees will also be incurred.

China Merchants Bank was established in Shekou, Shenzhen in 1987. It is the first joint-stock commercial bank in China that is entirely owned by corporate legal persons. It is also the first country to promote banking reform from outside the system. pilot bank.

The head office of China Merchants Bank is located in Futian District, Shenzhen City. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange.

On September 8, 2006, China Merchants Bank began a public offering in Hong Kong, issuing approximately 2.2 billion H shares, raising HK$20 billion, and was listed on the Hong Kong Stock Exchange on September 22. Net capital exceeds 290 billion and total assets exceed 4.4 trillion.

As of the first half of 2017, China Merchants Bank has more than 1,800 domestic and overseas branches, has established service outlets in more than 130 cities in mainland China, has 5 overseas branches and 3 overseas representative offices, and has 7 employees. More than 10,000 people.

In addition, China Merchants Bank also wholly owns China Merchants Bank Financial Leasing Co., Ltd., controls China Merchants Fund Management Co., Ltd., holds 50% equity of China Merchants Cigna Life Insurance Co., Ltd., and 50% equity of China Merchants United Consumer Finance Company. ; Wholly-owned holdings of Wing Lung Bank Co., Ltd. and CMB International Financial Holdings Co., Ltd. in Hong Kong.

China Merchants Bank’s development goal is to become China’s leading retail bank. The all-in-one bank card was launched in July 1995, and China's first online banking all-in-one was launched in September 1999. It has become a widely used online payment tool for many enterprises and e-commerce websites, and has promoted the development of China's e-commerce to a certain extent.

On April 2, 2015, China Merchants Group Co., Ltd. planned a major event. In order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company’s stock price, upon the company’s application, the company’s stock price has been suspended since 2015. Trading will be suspended from the opening of the market on April 3. In August 2016, China Merchants Bank ranked 39th among the "Top 500 Chinese Enterprises 2016".

Products and Services

Debit card: It is divided into all-in-one card and golden sunflower card, which integrates the functions of fixed deposit, multi-storage, multi-currency and multi-function.

Credit card: A credit card in the form of a chip and magnetic stripe, which has all the functions of a credit card such as overdraft and points.

Golden Sunflower Financial Management: A comprehensive financial management service system for high-end individual customers, covering liabilities, assets, intermediary business and financial consulting.

Cigna Merchants: Cigna Merchants Asset Management has been approved to establish and will become the fourth foreign-funded insurance asset management company