China Merchants Bank’s all-in-one card is not a credit card. Cannot be used as a credit card. China Merchants Bank's all-in-one card is a debit card, commonly known as a savings card.
It means you deposit money first and then use it. There is no overdraft.
China Merchants Bank (China Merchants Bank) is China’s first state-owned joint-stock commercial bank that is completely owned by corporate legal persons, referred to as China Merchants Bank. It was established on April 8, 1987 by the China Merchants Group, a state-owned enterprise based in Hong Kong. Co., Ltd. was founded and is the fifth largest bank by market capitalization in mainland China and one of the eight banks and five guarantees for Chinese financial stocks in Hong Kong.
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. It has 113 branches and 943 sub-branches, 1 branch-level specialized institution (credit card center), 1 representative office and 2,330 self-service banks in more than 110 cities in mainland China.
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".