China Merchants Group
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China Merchants Group

China Merchants Group
China Merchants Group
China Merchants Holdings (International) Co (HK stock code 0144) is a major Hong Kong-based conglomerate, whose activities span port operation, general and bulk cargo transportation, container and shipping business, air cargo, logistics park operation and paint products.
Chairman / President
Fu Gangfeng
CFO / Finance Director
Deng Renjie
Industry
Shipping and Logistics
Website
cmhk.com
Headquarters Address
China Merchants Tower, 222-240 Connaught Road Central, Hong Kong
Stock Code
SEHK: 44
Year Founded
1872
A branch of China CITIC Bank in Yichang, Hubei province, China. Photo: Getty Images
Banking & finance

Chinese banks pull out some long-term deposit products, cut rates to boost margins

China’s banks are removing some of their long-term fixed-income products and cutting rates offered to depositors in an effort to shore up profitability, as challenges including a slumping property sector, mounting local government debt, and slow consumption recovery weigh on bank earnings.

Banking & finance

Bank of Communications, China Merchants Bank report more loan stress

Banking & finance

Ex-China Merchants Bank executive probed by top anti-corruption watchdog

Banking & finance

China Merchants Bank loses US$35 billion in two days amid executive removal

Losses snowballed over two days after the board voted 15-0 to remove Tian Huiyu as president and director, leaving shareholders in the dark.

People wearing face masks line up near a branch of China Merchants Bank in Beijing in March 2020. Photo: Reuters
Hong Kong stock market

Hong Kong stocks slip on PBOC easing caution as China Merchants Bank sinks

Stocks slumped as trading resumed after a two-day holiday. Bad news came in the form of weak easing signals from the People’s Bank of China and a plunge in China Merchants Bank.

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A-shares

Merchants Bank removes CEO amid probe after US$11 billion sell-off

The unexpected move followed the worst sell-off of Merchants Bank’s shares since 2015 in Shanghai, which erased about 71 billion yuan (US$11.1 billon) in value in one day.

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Banking & finance

Hang Seng Index compiler avoids Big Tech in quarterly benchmark revamp

The third-quarter review broadens Hang Seng’s coverage to 60 from the current 58. The index is the world’s third-biggest decliner this year having fallen 9.5 per cent so far.

An electronic monitor shows Hang Seng Index at Central on 27 July 2021. Photo: May Tse
Banking & finance

Investors shy away from China Merchants Bank amid US sanctions concern

Shares of China Merchants Bank, a blue-chip stock in Hong Kong, tumbled on Monday, with investors shying away from risky assets that could face further headwinds as the trade war between China and the US escalates once again.

Banking & finance

Only four Chinese banks pass stress test conducted by DBS Bank

China’s banking industry will need to raise 2 trillion yuan (US$291 billion) to replenish their capital in the event of three bear scenarios.

Banking & finance

Chinese banks dismiss US’s North Korea sanctions breach charges

Mainland Chinese commercial banks China Merchants Bank, Bank of Communications and Shanghai Pudong Development Bank on Tuesday dismissed allegations they were in possible breach of US sanctions against North Korea.

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Shanghai Pudong Development Bank acknowledged it had received a requirement from a US legal department to provide information about a client, in addition to other data and information. Photo: Handout
Belt and Road Initiative

Sri Lanka hands over major port to Chinese company

Sri Lanka's government handed over the running of Hambantota port to a Chinese company on Saturday. Photo: AFP
Brics

Update | China Merchants to buy Brazil’s second largest container port

Hong Kong company reporting season

China Merchants Bank reports 11.4pc increase in first half profits

China property

Developers buy Beijing land at bargain, with thin profit margin

Developers pick up Beijing land at rock bottom price, but with little margin for profit
Banking & finance

China Merchants tightens rules on mainlanders seeking accounts

China Merchants Bank says new rules on remote forex account openings will go into effect from February 1, 2017. Photo: Bloomberg
Banking & finance

China Merchants Bank Q3 profit jumps 7pc, bolstered by fee and commission income

Hong Kong company reporting season

Property, bank and gaming stocks brace for earnings in Hong Kong market

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Agricultural Bank of China

China may cut bad debt provision for seven listed banks

The headquarters of the People's Bank of China in Beijing. Photo: Reuters
Didi Chuxing

New | Didi Kuaidi joins China Merchants Bank to provide car financing for drivers

Transport and logistics

Another shipping conglomerate born as Beijing approves merger of Sinotrans and China Merchants

China debt

China Merchants Bank shows slowing profits, high bad debt in first half

China Merchants Bank's non-performing loan ratio rose to 1.5 per cent by the end of June, an increase of 26 basis points in just three months. Photo: Bloomberg

China Merchants Bank to relaunch credit card asset-backed securities

China Merchants Bank has been given the green light to sell off a fresh batch of asset-backed securities (ABS) using credit card debt. Photo: EPA

New | Port operator China Merchants sees first-half profit rise 11.1pc

China Merchants profit to strengthen in 2nd half

China Merchants Holdings (International) - which saw net profit jump 10.2 per cent to HK$1.94 billion in the first six months of the year - expects to perform even better during the second half, as two acquisitions start to contribute to its bottom line.

China Merchants Bank sees tough environment ahead

China Merchants Bank expects big challenges ahead as it revealed first-half profit of 26.2 billion yuan (HK$33.2 billion), a day after it won approval to sell shares in Hong Kong in what could be the world's second-biggest stock offering this year.

China Merchants Bank and other lenders face profit pressure from the economic slowdown and interest rate liberalisation. Photo: Bloomberg

Slower growth in China port throughput worries China Merchants

China Merchants bought port assets from financially troubled French shipping company CMA CGM in December last year. Photo: K.Y. Cheng

Cosco Pacific eyes ports abroad

Business Digest, December 31, 2012

China's largest land-based oil and gas drilling rigs maker Honghua Group is aiming for sales of at least 10 billion yuan (HK$12.2 billion) next year. 

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