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China Merchants Bank Co., Ltd. (600036) Q4 2021 Report Analysis


Corporate Events

Neutral

China Merchants Bank Co., Ltd., Board Meeting, ...

2022-04-18 11:39:00

China Merchants Bank Co., Ltd., Board Meeting, Apr 18, 2022. Agenda: To consider the resolution regarding the removal of Mr. Tian Huiyu's duty...

Neutral

China Merchants Bank Co., Ltd., Q1 2022 Earning...

2022-04-11 00:00:00

China Merchants Bank Co., Ltd., Q1 2022 Earnings Call, Apr 25, 2022

Neutral

China Merchants Bank Co., Ltd., Q1 2022 Earning...

2022-04-11 00:00:00

China Merchants Bank Co., Ltd., Q1 2022 Earnings Call, Apr 25, 2022

Neutral

China Merchants Bank Co., Ltd. to Report Q1, 20...

2022-04-08 09:13:00

China Merchants Bank Co., Ltd. announced that they will report Q1, 2022 results on Apr 22, 2022

Neutral

China Merchants Bank Co., Ltd., Board Meeting, ...

2022-04-08 09:13:00

China Merchants Bank Co., Ltd., Board Meeting, Apr 22, 2022. Agenda: To consider and approving the announcement of the first quarterly results...

Negative

China Merchants Bank Co., Ltd. Announces Additi...

2021-12-27 10:18:00

China Merchants Bank Co., Ltd. announced At the employee representative meeting held in accordance with the laws by the Company on 27 December...

Negative

China Merchants Bank Co., Ltd. Announces Resign...

2021-12-13 00:00:00

The board of supervisors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Liu Xiaoming on 13 December 2021. Due to ...

Positive

China Merchants Bank Co., Ltd. Announces Cash D...

2021-12-10 10:52:00

China Merchants Bank Co., Ltd. announced Cash dividend payable for each of the Preference Shares will be RMB 4.81 (tax inclusive), calculated ...

Positive

China Merchants Bank Co., Ltd. has completed a ...

2021-11-16 00:00:00

China Merchants Bank Co., Ltd. has completed a Fixed-Income Offering in the amount of CNY 1.5 billion. Security Name: 3.23% Bonds due Novem...

Neutral

China Merchants Bank Co., Ltd. Presents at 12th...

2021-10-29 18:11:00

China Merchants Bank Co., Ltd. Presents at 12th Annual China Investment Conference, Nov-01-2021 . Venue: Shenzhen, China.

Neutral

China Merchants Bank Co., Ltd. to Report Q3, 20...

2021-10-11 08:30:00

China Merchants Bank Co., Ltd. announced that they will report Q3, 2021 results on Oct 22, 2021

Neutral

China Merchants Bank Co., Ltd., Board Meeting, ...

2021-10-11 08:30:00

China Merchants Bank Co., Ltd., Board Meeting, Oct 22, 2021. Agenda: To consider the third quarter results of the company for the period ended...

Positive

China Merchants Bank Co., Ltd.(SZSC:3968) added...

2021-09-14 00:00:00

China Merchants Bank Co., Ltd. has been added to Hang Seng Index.

Negative

China Merchants Bank Co., Ltd. Announces Board Changes

2021-08-23 12:31:00

China Merchants Bank Co., Ltd. received the Approval from the China Banking and Insurance Regulatory Commission on the Qualifications of Li Ch...

Negative

China Merchants Bank Co., Ltd. Appoints Mr. Wan...

2021-08-19 15:43:00

The board of directors (the "Board") of China Merchants Bank Co., Ltd. (the "Company" or "China Merchants Bank") announced that the Board has ...

Neutral

China Merchants Bank Co., Ltd., Board Meeting, ...

2021-08-18 10:50:00

China Merchants Bank Co., Ltd., Board Meeting, Aug 18, 2021. Agenda: To consider Election of Mr. Xiong Liangjun as Chairman of the Board of Su...

Negative

China Merchants Bank Co., Ltd. Appoints Xiong L...

2021-08-18 10:50:00

China Merchants Bank Co., Ltd. announced the resolution regarding that the election of Mr. Xiong Liangjun as Chairman of the Board of Supervis...

Negative

China Merchants Bank Co., Ltd. Announces Resign...

2021-08-16 11:01:00

The board of supervisors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Liu Yuan August 16, 2021. Due to change i...

Negative

China Merchants Bank Co., Ltd. Announces Adjust...

2021-08-12 10:52:00

China Merchants Bank Co., Ltd. held a meeting of the Board on 12 August 2021, on which the "Resolution on Adjustment to the Composition of the...

Neutral

China Merchants Bank Co., Ltd., Board Meeting, ...

2021-08-12 10:52:00

China Merchants Bank Co., Ltd., Board Meeting, Aug 12, 2021. Agenda: To consider to renew the nomination of Li Delin as an Executive Director.

Neutral

China Merchants Bank Co., Ltd. to Report First ...

2021-08-03 08:30:00

China Merchants Bank Co., Ltd. announced that they will report first half, 2021 results on Aug 13, 2021

Neutral

China Merchants Bank Co., Ltd., Board Meeting, ...

2021-08-03 08:30:00

China Merchants Bank Co., Ltd., Board Meeting, Aug 13, 2021. Agenda: To consider and approve the announcement of the interim results of the co...

Positive

China Merchants Bank Co., Ltd. Announces Paymen...

2021-06-28 09:36:00

China Merchants Bank Co., Ltd. announced the 2020 Annual General Meeting was convened by the company on June 25, 2021, at which, among other t...

Negative

China Merchants Bank Co., Ltd. Announces Execut...

2021-06-25 10:43:00

China Merchants Bank Co., Ltd. announced at the AGM held on June 25, 2021, the shareholders elected Mr. Li Chaoxian as an Independent Non-exec...

Positive

China Merchants Bank Co., Ltd.(SHSE:600036) add...

2021-06-17 09:30:00

China Merchants Bank Co., Ltd. Added to Shanghai Stock Exchange 180 Value Index

Neutral

Huawei Technologies Co., Ltd., Huawei Intellige...

2021-06-03 14:12:00

Huawei Technologies Co., Ltd., Huawei Intelligent Finance Summit 2021, Jun 03, 2021. Venue: Shanghai, China.

Neutral

China Merchants Bank Co., Ltd. Presents at Huaw...

2021-06-03 14:12:00

China Merchants Bank Co., Ltd. Presents at Huawei Intelligent Finance Summit 2021, Jun-03-2021 . Venue: Shanghai, China. Speakers: Hou Weirong...

Neutral

Credit Suisse Group AG, 12th Annual China Inves...

2021-06-03 08:28:00

Credit Suisse Group AG, 12th Annual China Investment Conference, Nov 01, 2021 through Nov 05, 2021. Venue: Shenzhen, China.

Neutral

China Merchants Bank Co., Ltd. Presents at J.P....

2021-06-02 00:00:00

China Merchants Bank Co., Ltd. Presents at J.P. Morgan Global China Summit 2021, Jun-01-2021 .

Negative

China Merchants Bank Co., Ltd. Announces Design...

2021-05-31 12:44:00

The board of directors of China Merchants Bank Co., Ltd. announced that, as considered and approved at the 25th meeting of the 11th session of...

Positive

China Merchants Bank Co., Ltd. (SHSE:600036) co...

2021-05-31 00:00:00

China Merchants Bank Co., Ltd. (SHSE:600036) entered into a letter of intent to acquire additional 14.85% stake in Bank of Taizhou Co., Ltd fr...

Negative

China Merchants Bank Co., Ltd. Announces Resign...

2021-05-28 09:56:00

The Board of Directors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Liu Jianjun. Due to change in work arrangem...

Neutral

China Merchants Bank Co., Ltd., Annual General ...

2021-05-25 09:18:00

China Merchants Bank Co., Ltd., Annual General Meeting, Jun 25, 2021, at 09:30 China Standard Time. Location: Conference Room, 5/F, China Merc...

Neutral

China Merchants Bank Co., Ltd., Board Meeting, ...

2021-05-20 10:03:00

China Merchants Bank Co., Ltd., Board Meeting, May 20, 2021. Agenda: To consider resolution on nomination of Mr. Li Chaoxian as an independent...

Negative

China Merchants Bank Co., Ltd. Announces Board Changes

2021-05-20 00:00:00

China Merchants Bank Co., Ltd. announced that given that Mr. Leung Kam Chung, Antony tendered his resignation as an Independent Non-executive ...

Neutral

China Merchants Bank Co., Ltd., Board Meeting, Apr 18, 2022

2022-04-18 11:39:00

China Merchants Bank Co., Ltd., Board Meeting, Apr 18, 2022. Agenda: To consider the resolution regarding the removal of Mr. Tian Huiyu's duty; and to consider other matters.

Neutral

China Merchants Bank Co., Ltd., Q1 2022 Earnings Call, Apr 25, 2022

2022-04-11 00:00:00

China Merchants Bank Co., Ltd., Q1 2022 Earnings Call, Apr 25, 2022

Neutral

China Merchants Bank Co., Ltd., Q1 2022 Earnings Call, Apr 25, 2022

2022-04-11 00:00:00

China Merchants Bank Co., Ltd., Q1 2022 Earnings Call, Apr 25, 2022

Neutral

China Merchants Bank Co., Ltd. to Report Q1, 2022 Results on Apr 22, 2022

2022-04-08 09:13:00

China Merchants Bank Co., Ltd. announced that they will report Q1, 2022 results on Apr 22, 2022

Neutral

China Merchants Bank Co., Ltd., Board Meeting, Apr 22, 2022

2022-04-08 09:13:00

China Merchants Bank Co., Ltd., Board Meeting, Apr 22, 2022. Agenda: To consider and approving the announcement of the first quarterly results of the company for the three months ended 31 March 2022 for publication.

Negative

China Merchants Bank Co., Ltd. Announces Addition of Employee Supervisor of the Eleventh Session of the Board Of supervisors

2021-12-27 10:18:00

China Merchants Bank Co., Ltd. announced At the employee representative meeting held in accordance with the laws by the Company on 27 December 2021, Ms. Cai Jin was democratically elected as an Employee Supervisor of the Eleventh Session of the Board of Supervisors of the Company. The term of office of Ms. Cai Jin as an Employee Supervisor shall be effective from 27 December 2021 until the date of expiry of the Eleventh Session of the Board of Supervisors of the Company. The resignation of Mr. Liu Xiaoming as an Employee Supervisor shall be effective from 27 December 2021. Ms. Cai Jin, born in July 1970, obtained a bachelor's degree in Finance from Hunan University of Finance and Economics. She is an economist. She currently serves as the Director of the Labor Union of the Head Office of the Company. In August 1992, she started her career in the Shashi Branch of Industrial and Commercial Bank of China in Hubei Province. She joined the Company in May 1995. She successively served as the Assistant to the General Manager of the Human Resources Department, the Deputy General Manager of the Banking Department of the Head Office and the Deputy General Manager of the Asset Custody Department of the Head Office from April 2010 to December 2021.

Negative

China Merchants Bank Co., Ltd. Announces Resignation of Liu Xiaoming to the Board of Supervisors as an Employee Supervisor and A Member of the Nomination Committee Under the Board of Supervisors

2021-12-13 00:00:00

The board of supervisors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Liu Xiaoming on 13 December 2021. Due to change in work arrangements, Mr. Liu Xiaoming tendered his resignation to the Board of Supervisors as an Employee Supervisor and a member of the Nomination Committee under the Board of Supervisors. In accordance with relevant laws and regulations and the Articles of Association of China Merchants Bank Co., Ltd., the resignation of Mr. Liu Xiaoming will take effect after a new Employee Supervisor has been elected by the employee representative meeting of the Company to fill his vacancy. Until then, Mr. Liu Xiaoming will continue to perform his duties as an Employee Supervisor in accordance with relevant regulations.

Positive

China Merchants Bank Co., Ltd. Announces Cash Dividend for Preference Shares, Payable on December 20, 2021

2021-12-10 10:52:00

China Merchants Bank Co., Ltd. announced Cash dividend payable for each of the Preference Shares will be RMB 4.81 (tax inclusive), calculated at the dividend rate of 4.81% for (Zhao Yin You 1), and the company will distribute cash dividends of RMB 1,322.75 million in total (tax inclusive). Record date is 17 December 2021. Ex-dividend date is 17 December 2021. Dividend payment date: Since 18 December 2021 is a Saturday, the dividend payment date will be postponed to the first working day of the following week, which is 20 December 2021.

Positive

China Merchants Bank Co., Ltd. has completed a Fixed-Income Offering in the amount of CNY 1.5 billion.

2021-11-16 00:00:00

China Merchants Bank Co., Ltd. has completed a Fixed-Income Offering in the amount of CNY 1.5 billion. Security Name: 3.23% Bonds due November 18, 2024 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: CNY 1.5 billion Price\Range: 100% Security Features: MTN Coupon Type: Fixed

Neutral

China Merchants Bank Co., Ltd. Presents at 12th Annual China Investment Conference, Nov-01-2021

2021-10-29 18:11:00

China Merchants Bank Co., Ltd. Presents at 12th Annual China Investment Conference, Nov-01-2021 . Venue: Shenzhen, China.

Neutral

China Merchants Bank Co., Ltd. to Report Q3, 2021 Results on Oct 22, 2021

2021-10-11 08:30:00

China Merchants Bank Co., Ltd. announced that they will report Q3, 2021 results on Oct 22, 2021

Neutral

China Merchants Bank Co., Ltd., Board Meeting, Oct 22, 2021

2021-10-11 08:30:00

China Merchants Bank Co., Ltd., Board Meeting, Oct 22, 2021. Agenda: To consider the third quarter results of the company for the period ended September 30, 2021 for publication.

Positive

China Merchants Bank Co., Ltd.(SZSC:3968) added to Hang Seng Index

2021-09-14 00:00:00

China Merchants Bank Co., Ltd. has been added to Hang Seng Index.

Negative

China Merchants Bank Co., Ltd. Announces Board Changes

2021-08-23 12:31:00

China Merchants Bank Co., Ltd. received the Approval from the China Banking and Insurance Regulatory Commission on the Qualifications of Li Chaoxian and Shi Yongdong of China Merchants Bank (Yin Bao Jian Fu [2021] No. 659), which approved the appointment qualifications of Mr. Li Chaoxian and Mr. Shi Yongdong as Independent Directors of the Company. The terms of Mr. Li Chaoxian and Mr. Shi Yongdong as Independent Non-executive Directors of the Company have taken effect from 18 August 2021, being the date of the approval and shall expire at the conclusion of the Eleventh Session of the Board of Directors of the Company. For the biographical details of Mr. Li Chaoxian and Mr. Shi Yongdong, refer to the announcement dated 20 May 2021 published on the websites of the Company and The Stock Exchange of Hong Kong Limited. According to the relevant requirements under laws and regulations and the Articles of Association of the Company, the terms of office of Mr. Leung Kam Chung, Antony and Mr. Zhao Jun as Independent Non-executive Directors of the Company and members of the relevant special committees under the Board of Directors shall expire on 18 August 2021.

Negative

China Merchants Bank Co., Ltd. Appoints Mr. Wang Liang as the Secretary of the Board

2021-08-19 15:43:00

The board of directors (the "Board") of China Merchants Bank Co., Ltd. (the "Company" or "China Merchants Bank") announced that the Board has determined to appoint Mr. Wang Liang as the secretary of the Board of China Merchants Bank, and to appoint Mr. Wang Liang as the company secretary of China Merchants Bank and authorised representative in charge of matters in relation to listing in Hong Kong of China Merchants Bank upon consideration and approval at the 30th meeting of the Eleventh Session of the Board of the Company, and his term of office shall take effect from the date of consideration and approval by the Board (that is 19 August 2021) until the date of conclusion of the Eleventh Session of the Board.

Neutral

China Merchants Bank Co., Ltd., Board Meeting, Aug 18, 2021

2021-08-18 10:50:00

China Merchants Bank Co., Ltd., Board Meeting, Aug 18, 2021. Agenda: To consider Election of Mr. Xiong Liangjun as Chairman of the Board of Supervisors of China Merchants Bank; and to consider resolution on the Commendation on Mr. Liu Yuan.

Negative

China Merchants Bank Co., Ltd. Appoints Xiong Liangjun as Chairman

2021-08-18 10:50:00

China Merchants Bank Co., Ltd. announced the resolution regarding that the election of Mr. Xiong Liangjun as Chairman of the Board of Supervisors of China Merchants Bank. Mr. Xiong Liangjun was elected as Chairman of the Eleventh Session of the Board of Supervisors at the meeting, and the term of office of Mr. Xiong Liangjun shall be effective from the date of consideration and approval at the Board of Supervisors ' meeting until the expiration of the Eleventh Session of the Board of Supervisors.

Negative

China Merchants Bank Co., Ltd. Announces Resignation of Liu Yuan as Chairman of the Board of Supervisors and an Employee Supervisor

2021-08-16 11:01:00

The board of supervisors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Liu Yuan August 16, 2021. Due to change in work arrangements, Mr. Liu Yuan tendered his resignation to the Board of Supervisors as the Chairman of the Board of Supervisors and an Employee Supervisor. Mr. Liu Yuan resigned as the Chairman of the Board of Supervisors of the Company with effect from 16 August 2021. In accordance with relevant laws and regulations and the Articles of Association of China Merchants Bank Co., Ltd., the resignation of Mr. Liu Yuan as an Employee Supervisor will take effect after a new Employee Supervisor has been elected by the employee representative meeting of the Company to fill his vacancy. Until then, Mr. Liu Yuan will continue to perform his duties as an Employee Supervisor in accordance with relevant laws and regulations and the Articles of Association of China Merchants Bank Co., Ltd.

Negative

China Merchants Bank Co., Ltd. Announces Adjustment to Members of the Special Committees Under the Board of Directors

2021-08-12 10:52:00

China Merchants Bank Co., Ltd. held a meeting of the Board on 12 August 2021, on which the "Resolution on Adjustment to the Composition of the Special Committees under the Board" was reviewed and approved unanimously. The members of the special committees under the Board were adjusted as: Remuneration and Appraisal Committee under the Board: Chairman: Li Menggang; members: Hong Xiaoyuan, Wang Daxiong, Liu Qiao and Li Chaoxian; Audit Committee under the Board: Chairman: Tian Hongqi; members: Zhou Song, Wong See Hong, Li Menggang and Shi Yongdong; Related Party Transactions Management and Consumer Rights Protection Committee under the Board Chairman: Li Chaoxian; members: Su Min, Wong See Hong and Tian Hongqi. Among the above-mentioned members, Li Chaoxian and Shi Yongdong will formally perform their duties after the CBIRC approves their qualifications for serving as Directors. Before the qualification of Mr. Li Chaoxian for serving as Director is approved, Mr. Leung Kam Chung, Antony, an Independent Director, will perform the duty of a member of the Remuneration and Appraisal Committee under the Board and Mr. Zhao Jun, an Independent Director, will perform the duty of the chairman of the Related Party Transactions Management and Consumer Rights Protection Committee under the Board. Before the qualification of Mr. Shi Yongdong for serving as Director is approved, Mr. Zhao Jun, an Independent Director, will perform the duty of a member of the Audit Committee under the Board.

Neutral

China Merchants Bank Co., Ltd., Board Meeting, Aug 12, 2021

2021-08-12 10:52:00

China Merchants Bank Co., Ltd., Board Meeting, Aug 12, 2021. Agenda: To consider to renew the nomination of Li Delin as an Executive Director.

Neutral

China Merchants Bank Co., Ltd. to Report First Half, 2021 Results on Aug 13, 2021

2021-08-03 08:30:00

China Merchants Bank Co., Ltd. announced that they will report first half, 2021 results on Aug 13, 2021

Neutral

China Merchants Bank Co., Ltd., Board Meeting, Aug 13, 2021

2021-08-03 08:30:00

China Merchants Bank Co., Ltd., Board Meeting, Aug 13, 2021. Agenda: To consider and approve the announcement of the interim results of the company for the six months ended 30 June 2021 for publication and considering the recommendation of an interim dividend.

Positive

China Merchants Bank Co., Ltd. Announces Payment of 2020 Final Dividend for H Shareholders, Payable on or about August 6, 2021

2021-06-28 09:36:00

China Merchants Bank Co., Ltd. announced the 2020 Annual General Meeting was convened by the company on June 25, 2021, at which, among other things, the profit appropriation plan for 2020 of the company was considered and approved. The company will distribute a cash dividend of RMB 1.253 (tax included) for every one share held by the shareholders whose names appear on the register of members of the company at the close of business on the respective record dates for the A shareholders and the H shareholders. CMB Wing Lung (Trustee) Limited, the company's H-share dividend payment agent, is expected to pay the 2020 final dividend (net of the relevant tax) to H shareholders of the company on or about August 6, 2021, and the relevant cheques of dividends will be sent at the same time by ordinary post to H shareholders of the company at their own risk.

Negative

China Merchants Bank Co., Ltd. Announces Executive Appointments

2021-06-25 10:43:00

China Merchants Bank Co., Ltd. announced at the AGM held on June 25, 2021, the shareholders elected Mr. Li Chaoxian as an Independent Non-executive Director of the Company; the Election of Mr. Shi Yongdong as an Independent Non-executive Director of the Company; the Election of Mr. Guo Xikun as a Shareholder Supervisor of the Company.

Positive

China Merchants Bank Co., Ltd.(SHSE:600036) added to Shanghai Stock Exchange 180 Value Index

2021-06-17 09:30:00

China Merchants Bank Co., Ltd. Added to Shanghai Stock Exchange 180 Value Index

Neutral

Huawei Technologies Co., Ltd., Huawei Intelligent Finance Summit 2021, Jun 03, 2021

2021-06-03 14:12:00

Huawei Technologies Co., Ltd., Huawei Intelligent Finance Summit 2021, Jun 03, 2021. Venue: Shanghai, China.

Neutral

China Merchants Bank Co., Ltd. Presents at Huawei Intelligent Finance Summit 2021, Jun-03-2021

2021-06-03 14:12:00

China Merchants Bank Co., Ltd. Presents at Huawei Intelligent Finance Summit 2021, Jun-03-2021 . Venue: Shanghai, China. Speakers: Hou Weirong, General Manager, Transaction Banking Department.

Neutral

Credit Suisse Group AG, 12th Annual China Investment Conference, Nov 01, 2021 through Nov 05, 2021

2021-06-03 08:28:00

Credit Suisse Group AG, 12th Annual China Investment Conference, Nov 01, 2021 through Nov 05, 2021. Venue: Shenzhen, China.

Neutral

China Merchants Bank Co., Ltd. Presents at J.P. Morgan Global China Summit 2021, Jun-01-2021

2021-06-02 00:00:00

China Merchants Bank Co., Ltd. Presents at J.P. Morgan Global China Summit 2021, Jun-01-2021 .

Negative

China Merchants Bank Co., Ltd. Announces Designation of Wang Liang to Perform Duties of Secretary of the Board and Company Secretary

2021-05-31 12:44:00

The board of directors of China Merchants Bank Co., Ltd. announced that, as considered and approved at the 25th meeting of the 11th session of the Board of the Company, the Board agreed to designate Mr. Wang Liang to perform the duties of secretary of the Board, company secretary and authorised representative in charge of matters in relation to listing in Hong Kong of China Merchants Bank, with effect from the date of consideration and approval by the Board (that is 31 May 2021) until the date on which the new secretary of the Board, company secretary and authorised representative in charge of matters in relation to listing in Hong Kong officially takes office.

Positive

China Merchants Bank Co., Ltd. (SHSE:600036) completed the acquisition of an additional 14.85% stake in Bank of Taizhou Co., Ltd from Ping An Insurance (Group) Company of China, Ltd. (SEHK:2318) and Ping An Trust Co., Ltd.

2021-05-31 00:00:00

China Merchants Bank Co., Ltd. (SHSE:600036) entered into a letter of intent to acquire additional 14.85% stake in Bank of Taizhou Co., Ltd from Ping An Insurance (Group) Company of China, Ltd. (SEHK:2318) and Ping An Trust Co., Ltd. on March 19, 2021. China Merchants Bank Co., Ltd. entered into equity transfer agreements to acquire 14.85% stake in Bank of Taizhou Co., Ltd from Ping An Insurance (Group) Company of China, Ltd. and Ping An Trust Co., Ltd. for CNY 3.1 billion on May 31, 2021. Post completion China Merchants Bank Co., Ltd will hold 24.85% of the equity in Bank of Taizhou. Transaction is subject to the final equity transfer contract signed by the parties. Transaction does not need to be submitted to the China Merchants Bank Co., Ltd general meeting of shareholders for review and approval. This transaction still needs to be reviewed and approved by the Board of Directors of Taizhou Bank and the General Meeting of Shareholders as well as China Banking and Insurance Regulatory Authority for approval. This transaction has been reviewed and approved by China Merchants Bank Co., Ltd board of directors. The Zhejiang Regulatory Bureau of China Banking and Insurance Regulatory Commission approved the transaction. China Merchants Bank Co., Ltd. (SHSE:600036) completed the acquisition of an additional 14.85% stake in Bank of Taizhou Co., Ltd from Ping An Insurance (Group) Company of China, Ltd. (SEHK:2318) and Ping An Trust Co., Ltd. on May 31, 2021.

Negative

China Merchants Bank Co., Ltd. Announces Resignation of Liu Jianjun, Executive Director,Executive Vice President, the Secretary of the Board of directors, Company Secretary and Authorised Representative

2021-05-28 09:56:00

The Board of Directors of China Merchants Bank Co., Ltd. received a letter of resignation from Mr. Liu Jianjun. Due to change in work arrangements, Mr. Liu Jianjun tendered his resignation as an Executive Director, Executive Vice President, the Secretary of the Board of Directors, a member of the Related Party Transactions Management and Consumer Rights Protection Committee under the Board of Directors, Company Secretary, and AuthorisedRepresentative of the Company in charge of matters relating to Hong Kong listing. The resignation of Mr. Liu Jianjun will take effect from 28 May 2021.

Neutral

China Merchants Bank Co., Ltd., Annual General Meeting, Jun 25, 2021

2021-05-25 09:18:00

China Merchants Bank Co., Ltd., Annual General Meeting, Jun 25, 2021, at 09:30 China Standard Time. Location: Conference Room, 5/F, China Merchants Bank Tower, No. 7088 Shennan Boulevard, Futian District Shenzhen Guangdong Province China Agenda: To discuss Work Report of the Board of Directors for the year 2020; to discuss Work Report of the Board of Supervisors for the year 2020; to discuss Annual Report for the year 2020 (including the Audited Financial Report); to discuss Audited Financial Statements for the year 2020; to discuss Proposal regarding the Profit Appropriation Plan for the year 2020 (including the distribution of final dividend); to discuss Resolution regarding the Engagement of Accounting Firms for the year 2021; to discuss Resolution regarding the Redemption of Capital Bonds; and to discuss other matters.

Neutral

China Merchants Bank Co., Ltd., Board Meeting, May 20, 2021

2021-05-20 10:03:00

China Merchants Bank Co., Ltd., Board Meeting, May 20, 2021. Agenda: To consider resolution on nomination of Mr. Li Chaoxian as an independent director; and to consider resolution on nomination of Mr. Shi Yongdong as an independent director.

Negative

China Merchants Bank Co., Ltd. Announces Board Changes

2021-05-20 00:00:00

China Merchants Bank Co., Ltd. announced that given that Mr. Leung Kam Chung, Antony tendered his resignation as an Independent Non-executive Director (the "Independent Non-executive Director" or "Independent Director") and a member of the Remuneration and Appraisal Committee under the board of directors of the company due to the expiry of his tenure, and Mr. Zhao Jun tendered his resignation as an Independent Non-executive Director of the Company, a member of the Audit Committee under the Board of Directors and the chairman of the Related Party Transactions Management and Consumer Rights Protection Committee under the Board of Directors due to the expiry of his tenure, the Company held a meeting of the Board of Directors on 20 May 2021, on which the "Resolution on Nomination of Mr. Li Chaoxian as an Independent Director" and the "Resolution on Nomination of Mr. Shi Yongdong as an Independent Director" were reviewed and approved unanimously.

Fundamental Summary

Our analysis of China Merchants Bank Co., Ltd.'s expected performance over the coming months is based on a systematic deep dive into the Company's financial statement. Furthermore, several critical general factors and ratios are also included. First, assessing the balance sheet metrics followed closely to the benchmark. Next, the income statement factors matched expectation and not outperform the benchmark in this time frame. Next, cash flow factors stayed at par with their benchmark. Fourth, the most impactful financial ratios forecast that in the current market their performance should outperform the benchmark. With all factors taken together, our bottom line assessment of China Merchants Bank Co., Ltd. generated the score of 74.

China Merchants Bank Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was CNY 54,464 million compared to CNY 49,524 million a year ago. Net income was CNY 36,022 million compared to CNY 32,015 million a year ago. Basic earnings per share from continuing operations was CNY 1.43 compared to CNY 1.27 a year ago. Diluted earnings per share from continuing operations was CNY 1.43 compared to CNY 1.27 a year ago.

Business Description

China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and services. It operates through Wholesale Finance Business, Retail Finance Business, and Other Business segments. The company offers current, demand, time, call, savings, notice, and renminbi accounts. Its loan products include personal commercial real estate, consumption, housing, and car loans; loans to finance for studying abroad; micro-business loans; mortgage loans for equipment; joint guarantee, special guarantee, and housing mortgage loan; bank acceptance, discount, liquid capital, and fixed asset loans; and loans for vessels. The company also offers credit cards; insurance products; open-ended funds; discount and guarantees for commercial bills, redemption of commercial bills, and guaranteed discount for commercial acceptance bills; and financial consultation, debt financing underwriting, merger and acquisition financing, and equity financing and enterprise listing services. In addition, it provides forfeiting and risk participation, escrow, cross-border RMB clearing, and interbank services; and risk and financial management, cross-border RMB and oversea financing, international factoring and settlement, and trade finance services. Further, the company offers financial leasing and guarantee, investment and wealth management, forex option and gold trading, forex express trading, international, offshore and private banking, custody, pension, and electronic banking services. As of December 31, 2021, it operated 143 branches; 1,770 sub-branches; one branch-level operation center; 2,812 self-service centers; 6,592 self-service machines; one representative office; 14,746 visual counters in Mainland China. The company also operates in Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. China Merchants Bank Co., Ltd. was founded in 1987 and is headquartered in Shenzhen, China.

Sector Overview

China Merchants Bank Co., Ltd. is included in the Banks according to GICS (global industry classification standard). The Banks industry, which is in the Financials sector, includes Diversified & Regional Banks whose operations focus on conventional banking, retail banking, and lending to SMEs (small and medium enterprises). China Merchants Bank Co., Ltd.'s industry and sector affiliation are not expected to particularly benefit, nor be weighed down by macroeconomic factors at this time.

Fundamental Highlights


Parameter Value Change Score
Assets 9,249,021.0 4% 65
Capital Expenditure -21,761.0 -10% 56
Cash & Equivalents 220,945.0 -13% 55
Equity 824,680.0 14% 60
Liabilities 8,383,340.0 3% 70
Total Revenues 265,291.0 8% 56
Parameter Value Change Score
Free Cashflow 6.2 4% 61
Cashflow 248,964.0 142% 72
Price to Book 1.49 -21% 92
Return on Equity 15.14 -3% 58

* All values are TTM

The below chart reflects China Merchants Bank Co., Ltd.'s birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While China Merchants Bank Co., Ltd.'s peer average final assessment score stands on 77, China Merchants Bank Co., Ltd.'s score is 74.

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  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow General Factors Rating Final Assessment mc_sort Hidden
Industrial Bank Co., Ltd. 410.3B 50 72 59 76
Hold
66
66 0 1
Shanghai Pudong Development Bank Co., Ltd. 236.3B 63 65 64 58
Underperform
57
57 1 1
China Everbright Bank Company Limited 159.8B 73 78 69 71
Hold
74
74 2 1
China Minsheng Banking Corp., Ltd. 152.2B 53 72 62 59
Underperform
55
55 3 1
Bank of Nanjing Co., Ltd. 115.8B 66 62 70 74
Hold
70
70 4 1
Bank of Jiangsu Co., Ltd. 106.0B 61 63 69 70
Hold
65
65 5 1
Bank of Beijing Co., Ltd. 94.5B 71 67 58 65
Hold
64
64 6 1
Bank of Shanghai Co., Ltd. 91.8B 57 62 59 73
Hold
63
63 7 1
Bank of Hangzhou Co., Ltd. 85.6B 61 69 60 81
Hold
73
73 8 1
Hua Xia Bank Co., Limited 81.7B 86 68 73 73
Buy
79
79 9 1
Bank of Chengdu Co., Ltd. 58.5B 82 67 57 80
Buy
79
79 10 1
Bank of Changsha Co., Ltd. 30.0B 70 66 59 77
Hold
73
73 11 1
QILU BANK CO., LTD. 23.4B 77 65 75 50
Underperform
59
59 12 1
Bank of Guiyang Co.,Ltd. 22.2B 57 65 62 76
Hold
67
67 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 21.4B 77 60 71 80
Hold
77
77 14 1
Bank of Xi'an Co.,Ltd. 16.5B 80 64 55 70
Hold
70
70 15 1
Xiamen Bank Co., Ltd. 15.3B 61 73 60 74
Hold
69
69 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.3B 48 73 63 72
Hold
63
63 17 1
Wuxi Rural Commercial Bank Co.,Ltd 10.6B 73 68 58 81
Hold
77
77 18 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 39 67 63 71
Underperform
57
57 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.5B 80 65 56 80
Hold
77
77 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. China Merchants Bank Co., Ltd.'s stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), China Merchants Bank Co., Ltd.'s stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 37.15
52W Low 36.47
52W High 58.5
5D MA 36.88
50D MA 43.68
200D MA 49.07
MACD -2.24
RSI 18.22
STOCH 11.28

Balance Sheet Analysis

Looking at the balance sheet underscored the importance of a number of critical results that typically have the greatest effect on company performance in the coming months. Its valuable to highlight that balance sheet factors impact up to 28.8% of the likelihood that the company will over-perform the market in the course of the current market. In particular, diving deeper into their debt service capabilities implies uninspired results going into cash and cash equivalents. Historically, the debt service capabilities factors will influence up to 6.5% of a company's likelihood to over-perform the market. Second, their assets indicates standard execution related to assets changes. The strength of a company's assets affect up to 6.1% of the likelihood that the company will beat its benchmark. Looking closer at the company's debt structure indicates passable execution concerning liabilities movement. Statistically, the debt structure factors will influence up to 6.1% of the probability that a company will beat the market. Focusing on the company's suggests modest performance with respect to shareholders' equity and intangible assets adjustments. Intangible assets and technical changes can be responsible for up to 10.1% of the likelihood that a company will over-perform the market in the course of the current market. Our bottom line evaluation of their balance sheet warranted a weighted score of 57.

Parameter Value Change Score
Assets 9,249,021.0 4% 65
Capital Expenditure -21,761.0 -10% 56
Cash & Equivalents 220,945.0 -13% 55
Equity 824,680.0 14% 60
Liabilities 8,383,340.0 3% 70
* All values are TTM

The below chart describes China Merchants Bank Co., Ltd.'s performance as reflected on its balance sheet with respect to its peers. While China Merchants Bank Co., Ltd. received a balance sheet score of 57, the average of its peers stands on 70.

  •  600036
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Capital Expenditure Growth Balance Sheet mc_sort Hidden
Industrial Bank Co., Ltd. 410.3B 67 59 63 45 37 50 0 1
Shanghai Pudong Development Bank Co., Ltd. 236.3B 53 68 65 71 46 63 1 1
China Everbright Bank Company Limited 159.8B 78 83 58 95 56 73 2 1
China Minsheng Banking Corp., Ltd. 152.2B 48 73 77 46 37 53 3 1
Bank of Nanjing Co., Ltd. 115.8B 74 68 67 55 51 66 4 1
Bank of Jiangsu Co., Ltd. 106.0B 67 57 59 89 40 61 5 1
Bank of Beijing Co., Ltd. 94.5B 58 74 70 59 78 71 6 1
Bank of Shanghai Co., Ltd. 91.8B 51 76 56 45 92 57 7 1
Bank of Hangzhou Co., Ltd. 85.6B 81 71 55 43 78 61 8 1
Hua Xia Bank Co., Limited 81.7B 60 81 74 97 87 86 9 1
Bank of Chengdu Co., Ltd. 58.5B 64 82 62 90 94 82 10 1
Bank of Changsha Co., Ltd. 30.0B 79 66 56 92 38 70 11 1
QILU BANK CO., LTD. 23.4B 81 84 57 69 84 77 12 1
Bank of Guiyang Co.,Ltd. 22.2B 53 78 63 41 53 57 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 21.4B 72 53 72 95 79 77 14 1
Bank of Xi'an Co.,Ltd. 16.5B 83 60 66 97 62 80 15 1
Xiamen Bank Co., Ltd. 15.3B 75 67 63 54 57 61 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.3B 48 56 64 51 46 48 17 1
Wuxi Rural Commercial Bank Co.,Ltd 10.6B 76 63 55 92 62 73 18 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 42 42 60 37 43 39 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.5B 66 85 69 77 82 80 20 1

Income Statement Analysis

Examination of China Merchants Bank Co., Ltd.'s income statement highlighted a number of key factors that often have the most significant effect on company performance for the coming quarters. Taking in consideration China Merchants Bank Co., Ltd.'s net income suggests positive results related to earnings movement. These a company's net income influences around 8.7% of the probability that the company will over perform its benchmark Next, the company's cost of sales found average sentiment related to capital expenditure growth. Typically, a Company's cost of sales contribute 8.2% of the company's likelihood to beat its benchmark performance. Perhaps more importantly, their revenue forecasts middle of the road execution related to revenue momentum. Revenue momentum will impact around 0.5% of the chances of a company to over-perform the market in the course of the next quarter. Therefore, our analysis of their income statement deserved a score of 73.

Parameter Value Change Score
Total Revenues 265,291.0 8% 56
* All values are TTM

The below chart describes China Merchants Bank Co., Ltd.'s performance as reflected on its income statement with respect to its peers. While China Merchants Bank Co., Ltd. received a income statement score of 73 , the average of its peers stands on 68.

  •  600036
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Income Statement mc_sort Hidden
Industrial Bank Co., Ltd. 410.3B 52 72 72 0 1
Shanghai Pudong Development Bank Co., Ltd. 236.3B 43 65 65 1 1
China Everbright Bank Company Limited 159.8B 59 78 78 2 1
China Minsheng Banking Corp., Ltd. 152.2B 48 72 72 3 1
Bank of Nanjing Co., Ltd. 115.8B 77 61 62 4 1
Bank of Jiangsu Co., Ltd. 106.0B 44 63 63 5 1
Bank of Beijing Co., Ltd. 94.5B 71 67 67 6 1
Bank of Shanghai Co., Ltd. 91.8B 67 61 62 7 1
Bank of Hangzhou Co., Ltd. 85.6B 46 69 69 8 1
Hua Xia Bank Co., Limited 81.7B 61 68 68 9 1
Bank of Chengdu Co., Ltd. 58.5B 76 66 67 10 1
Bank of Changsha Co., Ltd. 30.0B 71 65 66 11 1
QILU BANK CO., LTD. 23.4B 80 64 65 12 1
Bank of Guiyang Co.,Ltd. 22.2B 57 65 65 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 21.4B 56 59 60 14 1
Bank of Xi'an Co.,Ltd. 16.5B 47 64 64 15 1
Xiamen Bank Co., Ltd. 15.3B 66 73 73 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.3B 55 73 73 17 1
Wuxi Rural Commercial Bank Co.,Ltd 10.6B 82 67 68 18 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 46 67 67 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.5B 90 64 65 20 1

Cash Flow Analysis

Examination of the companys cash flow shone a spotlight on several key results that often have the most significant effect on company performance in the upcoming quarter. First, assessing their flow of cash coming from operations, finance, and investments conveys slightly above average results concerning cash flow momentum. Generally, the flow of cash coming from operations, finance, and investments factors do contribute up to 8.7% of the likelihood that a company will beat the market. Particularly, the companys net cash flow found modest execution concerning free cash flow growth. Historically, these factors will influence up to 6.8% of the chances of the company to beat the market for the near term. Our assessment of their cash flow gave a total score of 66.

Parameter Value Change Score
Free Cashflow 6.2 4% 61
Cashflow 248,964.0 142% 72
* All values are TTM

The below chart describes China Merchants Bank Co., Ltd.'s performance as reflected on its cash flow with respect to its peers. While China Merchants Bank Co., Ltd. received a cash flow score of 66, the average of its peers stands on 65.

  •  600036
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Cash Flow mc_sort Hidden
Industrial Bank Co., Ltd. 410.3B 41 99 59 0 1
Shanghai Pudong Development Bank Co., Ltd. 236.3B 63 73 64 1 1
China Everbright Bank Company Limited 159.8B 81 50 69 2 1
China Minsheng Banking Corp., Ltd. 152.2B 49 90 62 3 1
Bank of Nanjing Co., Ltd. 115.8B 83 48 70 4 1
Bank of Jiangsu Co., Ltd. 106.0B 83 46 69 5 1
Bank of Beijing Co., Ltd. 94.5B 47 90 58 6 1
Bank of Shanghai Co., Ltd. 91.8B 42 97 59 7 1
Bank of Hangzhou Co., Ltd. 85.6B 44 95 60 8 1
Hua Xia Bank Co., Limited 81.7B 92 37 73 9 1
Bank of Chengdu Co., Ltd. 58.5B 43 95 57 10 1
Bank of Changsha Co., Ltd. 30.0B 53 82 59 11 1
QILU BANK CO., LTD. 23.4B 86 53 75 12 1
Bank of Guiyang Co.,Ltd. 22.2B 56 83 62 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 21.4B 81 54 71 14 1
Bank of Xi'an Co.,Ltd. 16.5B 43 91 55 15 1
Xiamen Bank Co., Ltd. 15.3B 47 92 60 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.3B 49 94 63 17 1
Wuxi Rural Commercial Bank Co.,Ltd 10.6B 51 82 58 18 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 51 90 63 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.5B 43 94 56 20 1

General & Ratios Analysis

Our cumulative analysis of the most critical factors in these fundamental factors in the reports makes up our bird's eye view of the company's chance to over-perform their benchmark for the upcoming quarter. First, analysis of the company's performance connected to general factors reveals unexceptional performance with respect to macroeconomic environment. Next, looking at our analysis of China Merchants Bank Co., Ltd.'s health and sustainability found great results going into book value momentum. In general, these factors will impact up to 27.8% of the likelihood that the company will beat its benchmark performance. Looking at reviewing their capital efficiency reveals passable developments going into assets factors momentum. Typically, the capital efficiency factors will influence up to 2.3% of the chances of a company to over-perform the market during the upcoming quarter. Perhaps most unappreciated, reviewing investors' interest found average momentum with respect to return factors momentum. Historically, these factors affect up to 11.8% of the chances of the company to over-perform the market for the upcoming quarter. Last, looking closer at their capital efficiency suggests passable developments going into assets factors momentum. Generally, the capital efficiency factors influence roughly 2.3% of the chances of a company to over-perform throughout the next quarter. In conclusion, our rating of the company's general factors and ratios received the cumulative score of 82.

Parameter Value Change Score
Price to Book 1.49 -21% 92
Return on Equity 15.14 -3% 58
* All values are TTM

The below chart describes China Merchants Bank Co., Ltd.'s performance as reflected on its Financial Ratios with respect to its peers. While China Merchants Bank Co., Ltd. received a Financial Ratios score of 82 , the average of its peers stands on None.

  •  600036
  •  Peers average
Name Market Cap Macro Environment Book Value Momentum Return Factors Momentum Assets Factors Momentum General Factors mc_sort Hidden
Industrial Bank Co., Ltd. 410.3B 63 82 60 68 76 0 1
Shanghai Pudong Development Bank Co., Ltd. 236.3B 64 57 57 67 58 1 1
China Everbright Bank Company Limited 159.8B 63 75 58 68 71 2 1
China Minsheng Banking Corp., Ltd. 152.2B 63 47 82 68 59 3 1
Bank of Nanjing Co., Ltd. 115.8B 64 71 74 67 74 4 1
Bank of Jiangsu Co., Ltd. 106.0B 63 73 61 68 70 5 1
Bank of Beijing Co., Ltd. 94.5B 64 62 70 67 65 6 1
Bank of Shanghai Co., Ltd. 91.8B 63 79 55 68 73 7 1
Bank of Hangzhou Co., Ltd. 85.6B 63 80 80 68 81 8 1
Hua Xia Bank Co., Limited 81.7B 64 74 66 67 73 9 1
Bank of Chengdu Co., Ltd. 58.5B 64 84 66 67 80 10 1
Bank of Changsha Co., Ltd. 30.0B 64 83 62 67 77 11 1
QILU BANK CO., LTD. 23.4B 64 40 70 67 50 12 1
Bank of Guiyang Co.,Ltd. 22.2B 64 83 57 67 76 13 1
Jiangsu Changshu Rural Commercial Bank Co., Ltd. 21.4B 63 80 76 68 80 14 1
Bank of Xi'an Co.,Ltd. 16.5B 64 75 57 67 70 15 1
Xiamen Bank Co., Ltd. 15.3B 63 82 51 68 74 16 1
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co.,Ltd 12.3B 63 79 53 68 72 17 1
Wuxi Rural Commercial Bank Co.,Ltd 10.6B 64 82 75 67 81 18 1
Jiangsu Zijin Rural Commercial Bank Co.,Ltd 10.5B 63 69 74 68 71 19 1
Jiangsu Suzhou Rural Commercial Bank Co., Ltd 9.5B 64 84 67 67 80 20 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.