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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 in 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. After 26 year’s of hard work and steady development, it has become one of the systemically important banks in China. In the Top 1000 World Banks ranking released by The Banker, China Minsheng Bank was ranked No.26. In the Fortune Global 500 published by Fortune, it stood at No. 224. At present, it has a registered capital of RMB43,782 million.

Since its establishment, China Minsheng Bank has been adhering to the mission of “serving the public and caring about people’s livelihood”, integrating its own development into the overall development of the country, and always going in line with the Chinese economy and the better life of the Chinese people. Insisting on the customer-centric philosophy, carrying out market-oriented and differentiated operation, and riding the wave to make innovations and expand businesses, it has become a large corporate group holding various financial service licenses including commercial banking, financial leasing, fund management, and overseas investment banking, etc.

In recent years, China Minsheng Bank has been fully implementing the new development concept, insisting on returning to the service origin, and focusing on the strategic positioning of becoming “a bank for the NSOEs, an agile and open bank, and a bank with considerate services”. Along with the efforts in deepening the reform of system and mechanism, accelerating the digital transformation and building a high-quality development model, China Minsheng Bank has achieved a steady start of a new round of five-year development plan. As at the end of March 2022, total assets of the Bank amounted to RMB7.2 trillion, net assets exceeded RMB580 billion.

In the past 26 years, 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. The Bank devoted to targeted poverty alleviation, helped Fengqiu County and Hua County in Henan Province out of poverty and facilitated poverty alleviation in the “three autonomous regions and three autonomous prefectures”. To deeply implement the national strategy of rural revitalization, the Bank explored sustainable business model, and built up a distinctive model and a highlighted brand of “finance serving rural revitalization”. The Bank strengthened ESG management, launched a series of products of green finance, and facilitated “carbon peak and carbon neutral”. The Bank 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., in an aim to pass warmth and strength with actions, and continuously enhance the “warm power” of China Minsheng Bank.

Marching forward with steady steps and original aspiration, China Minsheng Bank will keep in mind the “most important interests of the country”, wholeheartedly serve the national strategies, focus on the major tasks of serving the real economy and a better life of the people, and 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.