China Minsheng Banking Corporation Ltd.

• Public
• US

Dow Jones Description

Financial Tiger, Banking Dragon! China Minsheng Banking Corporation Ltd. (Shanghai: 600016) is a financial institution engaged in corporate, institutional and personal banking sectors in China. It offers banking services like deposits, loans, financial bonds issuance, insurance, issuance of guarantees and letters of credit, trading of foreign currencies, and related financial services. It is connected to almost 750 overseas banks in about 80 countries. Founded in 1996, this bank is based in Beijing, China, and employs about 9,500 people. It has revenue of $2.1 billion. In 2005, a financial magazine in Beijing, Chinese Banker, ranked Minsheng No.2 most competitive bank. Minsheng also was awarded No.1 in asset quality, human resources management and corporate governance, No.2 for financial innovation and service quality, and No.3 for IT and internal control. According to The Bankers of the United Kingdom in 2005, Minsheng was ranked No.28 of top 200 Asian banks in terms of total assets.

CEO

Number of Employees 9,447

Contact Information

Peer Companies

• Citigroup Inc.
• Deutsche Bank AG
• Bank of America Corp.
• HSBC Holdings Plc.
• J.P. Morgan Chase & Co.
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