China Merchants Bank (CMB) is the first joint-stock commercial bank in China that is wholly controlled by an enterprise as a legal person. It was initiated and established by Hong Kong China Merchants Group Co., Ltd. on April 8, 1987. It is the sixth largest bank in China and one of the eight largest insurers of Chinese financial stocks in Hong Kong.
On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange. On September 8, 2006, China Merchants Bank began its public offering in Hong Kong, issuing about 2.2 billion H shares and raising HK$ 20 billion. It was listed on the Hong Kong Stock Exchange on September 22. The net capital exceeds 290 billion, and the total assets exceed 4.4 trillion.