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Introduction to China Minsheng Bank

China Minsheng Banking Corporation Limited (“China Minsheng Bank”, or “the Bank”) was formally established in Beijing on 12 January 1996. It is China’s first national joint-stock commercial bank initiated and founded mainly by non-state-owned enterprises (“NSOEs”). The Bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange in 2000 and 2009, respectively. It has grown into a bank group providing commercial banking, financial leasing, fund management and global investment banking services. In the Top 1000 World Banks ranking released by The Banker in 2022, China Minsheng Bank was No.22. In the Fortune Global 500 published by Fortune in 2022, it stood at No. 273.

Since its establishment, China Minsheng Bank has been adhering to the mission of “serving the public and caring about people’s livelihood”, and has become an important financial force in supporting the development of the real economy through hard-working and innovative efforts. In recent years, the Bank has been insisting on returning to the service origin, strengthening fundamental services, expanding basic customer groups, focusing on key regions and optimizing business structure, and has achieved steady development. As at the end of 2022, total assets amounted to RMB7.26 trillion and the net assets were nearly RMB600 billion.

In the past 27 years since its establishment, China Minsheng Bank has been insisting on giving back to the society with gratitude and putting fulfilling social responsibility and promoting sustainable development to a more important place, and has become an important participant and promoter in making contributions to the society from the financial side. To integrate into the national strategy of rural revitalization, the Bank proactively explored sustainable business model of “finance serving rural revitalization” and strove to build up a distinctive Minsheng service model and a highlighted Minsheng brand. The Bank improved ESG management, launched product series of green finance and facilitated “carbon peak and carbon neutrality” with concrete efforts. It also hosted special charity campaigns, such as the ME Charity Innovation Funding Scheme, the exhibitions of art works of the masters in the past century, Beautiful Villages, and the medical care programs for children with congenital heart disease, etc., so as to establish a Minsheng charity platform to continuously enhance the “warm power” of China Minsheng Bank.

A good wind is the time to set sail. As entering the new development stage, China Minsheng Bank will implement new philosophies, wholeheartedly integrate into and serve the national strategies with focus on accelerating the shaping of the new development pattern, and strictly implement regulatory policies and requirements. Based on its strategic positioning of becoming “a bank for the NSOEs, an agile and open bank, and a bank with considerate services”, it will continue to deepen the reform of system and mechanism and cultivate corporate culture to follow the path of sound and sustainable development. The Bank will strive to develop into a first-class commercial bank with distinctive features, continuous innovation, increasing value and steady operation, and realize its grand vision of becoming a time-honored bank.