Company profile

Future of China Merchants Bank

#
Rank
72
| Quantumrun Global 1000

China Merchants Bank (CMB) was established in 1987. It is a Chinese bank headquartered in Futian District, Shenzhen, Guangdong, China. It is the first share-holding commercial bank fully owned by corporate legal entities in China.

Home Country:
Sector:
Industry:
Banks - Commercial and Savings
Founded:
1987
Global employee count:
70461
Domestic employee count:
37000
Number of domestic locations:
36

Financial Health

Revenue:
$210270000000 CNY
3y average revenue:
$193032333333 CNY
Operating expenses:
$64900000000 CNY
3y average expenses:
$64550333333 CNY
Funds in reserve:
$417932000000 CNY
Market country
Revenue from country
0.99

Asset Performance

  1. Product/Service/Dept. name
    Wholesale finance
    Product/Service revenue
    28730000
  2. Product/Service/Dept. name
    Retail finance
    Product/Service revenue
    27410000

Innovation assets and Pipeline

Global brand rank:
91
Total patents held:
8

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

COMPANY’S FUTURE PROSPECTS

Company Headlines