The New York Branch:
China Merchants Bank New York Branch was established in 2008, the first Chinese bank to obtain a bank operating license in the United States, 17 years after the implementation of the Foreign Bank Supervision Enhancement Act in 1991.
As a part of China Merchants Bank’s internationalization strategy, China Merchants Bank New York Branch, with its prime location at the center of the global capital markets, focuses on the United States and is committed to establishing a unique cross-border financial platform and serves as a bridge linking the capital markets in China and the United States.
Following the "Stable Operation and Compliance Priority" operating principles, the New York Branch aims to provide a full and diversified scope of banking services to companies and financial institutions in China and the United States, and to actively expand its cross-border M&A, asset management, private banking, financial market and other featured businesses.
China Merchants Bank:
In 1987, China Merchants Bank (CMB) was founded in Shekou Industrial Zone of Shenzhen, the forefront of China's reform and opening-up. It is China's first joint-stock commercial bank wholly owned by corporate legal entities and the first pilot bank as China promoted reform in the banking industry with endeavors outside the government.
Since its inception, CMB has been leading the trends of China's banking industry through a series of pioneering efforts. It is the first bank to issue the "All-in-One Card", a milestone debit card that is managed based on customer number. It also created the first domestic online banking platform––"All-in-one Net", the first dual-currency credit card based on international standards, and the first wealth management product for high-end customers––"Sunflower Wealth Management". It developed the first smart investment advisory product in the industry––"Machine Gene Investment". Besides, CMB was one of the first among domestic peers to introduce services such as offshore banking, buyer's credit, domestic letter of credit, enterprise annuity, cash management, online customs tax payment, corporate wealth management and online bill acceptance.
In recent years, closely adhering to the transformation objective of building a "Light-operation Bank", CMB has achieved dynamic balance in "quality, profitability and scale", continued to optimize its operation structure, progressed in digital transformation, and reached better results in international and comprehensive operation. Looking ahead, CMB will fully integrate technology with business according to customer needs, and quickly update and continuously deliver products and services so as to provide the best customer experience and achieve balance among efficiency, cost and risk.