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Is China Merchants Group related to China Merchants Bank?
China Merchants Bank Co., Ltd. is a joint-stock commercial bank controlled (17.63%) by a subsidiary of China Merchants Group (a central enterprise managed by SASAC).

: China Merchants Group:

China Merchants Group, established in 1872, 1873 (Gui You year) and 65438+1October 7, officially opened in Shanghai. He is the pioneer of national industry and commerce in China, and is known as "the epitome of the century-old history of national enterprises in China". China Merchants Group is a large-scale national enterprise group in Hong Kong, one of the four largest Chinese-funded enterprises in Hong Kong, with its headquarters in Hong Kong. The main business activities are distributed in Hongkong, Mainland China, Southeast Asia and other regions.

In 2007, the Group achieved milestone development and reached a new high in profits. The total profit and net profit are nearly 20 billion and 1 1 billion respectively. 2065438+In July 2008, China China Merchants Group, China Asset Management Company SPF Group and London Investment Company Centricus jointly announced the establishment of a/KLOC-0.5 billion US dollar science and technology investment fund.

China Merchants Bank:

China Merchants Bank is the first state-owned joint-stock commercial bank in China, which is wholly controlled by an enterprise legal person. Founded on April 8, 1987. Founded by Hong Kong Central Enterprise China Merchants Group Co., Ltd.. It is the fifth largest bank in China and one of the eight banks and five guarantees for China financial stocks in Hongkong.

China Merchants Bank is headquartered in Futian District, Shenzhen. On April 9, 2002, China Merchants Bank A shares were listed on the Shanghai Stock Exchange. On September 8, 2006, China Merchants Bank began its public offering in Hong Kong, issuing about 2.2 billion H shares and raising HK$ 20 billion. It was listed on the Hong Kong Stock Exchange on September 22. The net capital exceeds 290 billion, and the total assets exceed 4.4 trillion. The development goal of China Merchants Bank is to become a leading retail bank in China.

1In July, 1995, the one-card bank card was launched.1In September, 1999, Netcom, the first online bank in China, was launched, which became a widely used online payment tool for many enterprises and e-commerce websites, and promoted the development of e-commerce in China to some extent. In July 18, 10, 2065438, 20 18, Fortune China released the Fortune 500 list, and China Merchants Bank ranked 38th.