Is the deposit of China Merchants Bank risky?
The deposit of China Merchants Bank is safe, you can rest assured. 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. China Merchants Bank is headquartered in Futian District, Shenzhen. 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. There are 1 13 branches and 943 sub-branches in Chinese mainland 1 0/0 cities, 1 branch-level franchisees (credit card centers), 1 representative offices, 2,330 self-service banks and/kloc-0 in Hong Kong.