Established on January 12, 1996 in Beijing, China Minsheng Banking Corp., Ltd. is a national joint-stock commercial bank with investments mainly from non-state-owned enterprises (NSOEs), and is a standard join-stock financial institution founded in strict compliance with the rules and regulations under the Company Law and the Commercial Banking Law. The Company differentiates itself from other state-owned banks and commercial banks as a combination of involvement of diversified economic sectors in the financial sector in China and application of normative modern enterprise system. As a pilot program of China's banking reform, the Company forges ahead with unremitting efforts to explore its businesses, expand its asset size, improve its profitability and maintain rapid and health growth. It has made proactive contributions to the reform and innovation of the Chinese banking industry.
On December 19, 2000, the A share stock of China Minsheng Bank (600016) was listed on the Shanghai Stock Exchange (SSE). On March 18, 2003, RMB4 billion convertible corporate bonds of the Company were traded at the SSE. On November 8, 2003, the Company, as the first commercial bank in China, successfully issued RMB5.8 billion subordinated bonds in the inter-bank bond market through private placement. On October 26, 2005, the Company became the first commercial bank in China that completed the shares reform and provided a successful example of the shares reform of China’s capital market. On November 26, 2009, the Company was listed at the Hong Kong Stock Exchange. At a new historical starting point, the Company reset its market positioning as a bank for NSOEs, small and micro enterprises (MSEs) and high-end retail customers and carried out adjustments on management framework, organization structure, business structure and establishment of IT platform. It aims to achieve the Second Take-off to become a distinctive and efficient bank that brings maximum value and return to the customers and investors.
Since its listing, China Minsheng Bank has made positive explorations on development and management based on the principles of “unity and progress, innovation, talent cultivation, tight management, standardized operation, diligence and compliance, quality control, efficiency and healthy development”. It successively launched system innovations including the IT platform for data centralization, performance assessment system of “Two Rates”, “Three Cards” project, independent appraisal system, eight fundamental management system, centralized processing model and strategic business unit (SBU) reform on corporate banking business. The establishment of a new core banking system has been initially completed and went live in some branches. Through these efforts, it hit the strategic targets of low risk, rapid growth and high profitability, and has built a brand new image of commercial bank with vigor and vitality.
As at December 31, 2012, the Company had over RMB3.2 trillion total assets and over RMB160 billion core capital. Net profit amounted to RMB37.563 billion. NPL ratio was 0.76%, taking the lead in China’s banking industry.
As at December 31, 2012, the Company had 33 branches and over 700 banking outlets in Beijing, Shanghai, Guangzhou, Shenzhen, Wuhan, Dalian, Nanjing, Hangzhou, Taiyuan, Shijiazhuang, Chongqing, Xi’an, Fuzhou, Jinan, Ningbo, Chengdu, Tianjin, Kunming, Suzhou, Qingdao, Wenzhou, Xiamen, Quanzhou, Zhengzhou, Changsha, Changchun, Hefei, Shantou, Nanning, Hohhot, Shenyang and Hong Kong.
The rapid and steady development of China Minsheng Bank has attracted domestic and international attention and was recognized with various awards. In 2012, the Company was ranked No. 62 in the 2012 World Top 1000 Banks by The Banker, No.17 in the Top 50 Best Chinese Brands 2012 by Interbrand. The Company won the award of 2012 Best SME Bank in China in the Election of Outstanding Financial Service organized by The Asian Banker, and the Best Small Business Lending Bank for 2012 in the Stars of China Awards by Global Finance for the second consecutive year. The Company was the first non-state-owned bank to receive the 2012 Rising Star – Domestic Bank Award at the Triple A Country Awards 2012 by The Asset. It was also honored as the Best Joint-Stock Bank at the 2012 Gold Medals for Financial Institutions by Financial Times and the Institute of Finance and Banking of Chinese Academy of Social Sciences, and won the 2012 Top 10 MSE Products Awards by China Banking Association.
China Minsheng Bank and all of its employees have been fulfilling their social responsibilities and giving back to the society with gratitude. Especially in recent years, the Company further increased its involvement in charity and social public welfare activities and was well acclaimed by the public and media. In 2012, the Company was honored with the Best Corporate Social Responsibility Practice Award and was ranked No.1 in the Social Responsibility Development Index of the Chinese Banking Industry in the 2012 Blue Paper of Corporate Social Responsibilities issued by Chinese Academy of Social Sciences.