The financial assets of China Merchants are divided into four categories: banks, insurance, securities, funds and asset management.
China Merchants 1986 started financial business. From June 65438 to June 0986, China Merchants Group acquired part of the equity of United Bank, which was the first time for China enterprises to acquire listed banks in Hong Kong and became the first non-financial enterprise with banks in China. China Merchants Bank, the first joint-stock commercial bank in China, was established on 1987. 1988, China ping an insurance company, the first insurance company established by an enterprise in China, was established. In September of the same year, it acquired two British insurance companies (namely Scottish Lion Insurance Company Limited and Haode Insurance Brokerage Group) and one Hong Kong insurance company (namely China Merchants Insurance Company). 1992 started to set foot in fund business in the second half of the year, and established China Merchants China Investment Management Company to invest in BOC China Fund. In July, 1993, China Merchants China Fund, a fund listed in Hong Kong, was established. In the future, we will participate in Shenzhen City Cooperative Bank through Shekou Industrial Zone, and register and establish Peninsula Fund and Peninsula Fund Management Company. 1August, 1996, participated in Huatai Property Insurance Company. 1997 China merchants group directly invests in China merchants securities company; In May of the same year, Shenzhen Zhao Rong Investment Holding Company was established. On June 30th, 2000, on behalf of China Merchants Group, Financial Group transferred its holding Union Bank to China Industrial and Commercial Bank, and at the same time divested and retained its wholly-owned subsidiary securities company-Union Securities Company (now China Merchants Guo Tong Securities Company). 200 1 Initiate the establishment of Haida Insurance Brokerage Company. In April 2002, China Merchants Bank was listed on the Shanghai Stock Exchange, becoming the first bank in China to be listed according to international accounting standards. In August of the same year, China Merchants Bank set up a branch in Hong Kong. The financial industry is one of the core industries of China Merchants Group, which has become the pillar industry and an important profit source of the Group in the past ten years.
China Merchants has an indissoluble bond with the financial industry. As early as 1875, the first insurance company owned by China people, Renhe Insurance Company, was established: 1897, which also contributed to the establishment of the first Chinese-funded bank in China, China Commercial Bank, and made a pioneering contribution to the development of China's modern financial industry. After more than a hundred years, China Merchants once again took the lead in the financial reform in New China: 1987, China Merchants Bank, the first enterprise joint-stock bank in New China, was established; 1988, Ping An Insurance Company, the first enterprise joint-stock insurance company in New China, was established. Today, China Merchants * * * owns 1 1 financial enterprises, which are active in banking, securities, fund investment management, insurance and other industries in China's financial capital market, and have attracted people's keen attention with their good performance. The financial industry has developed into one of the core industries of China Merchants Group and an important source of profit.