Global 500

Rank
251
Previous: 250 Next: 252

China Minsheng Banking

Billionaire Shi boosts investment in China's Minsheng Bank
--FILE--People visit the stand of China Minsheng Bank during an exhibition in Beijing, China, 27 October 2016. Chinese billionaire Shi Yuzhu has boosted his investment in China Minsheng Banking Corp. ahead of a looming revamp of the privately owned lender's board. Shi, the chairman of Giant Interactive Group, an online game developer, now has an interest, including derivatives, equivalent to 9.6 percent of Minsheng Bank's currently issued Hong Kong stock, according to an exchange filing this week. That was up from a previous 1 percent, the filing showed. Anbang Insurance Group Co., the Chinese firm that has been on a global deal making spree, is the lender's largest shareholder. Minsheng Bank's board is overdue for an election after a three-year term ended in April 2015. Anbang, which became Minsheng Bank’s biggest shareholder in 2014, has indicated that its stake, which stood at 17.8 percent as of June, is only a financial investment.Luo wei—Imaginechina/AP
  • Previous Rank
    221
  • Revenues ($M)
    40234
  • Revenue Percent Change
    -5.2
  • Profits ($M)
    7201.6
  • Profits Percent Change
    -1.8
  • Assets ($M)
    848389
  • Employees
    58720

Company Information

CEOZheng Wanchun
SectorFinancials
IndustryBanks: Commercial and Savings
HQ LocationBeijing, China
Websitewww.cmbc.com.cn
Years on Global 500 List5
Employees58,720

Key Financials (Last Fiscal Year)

Revenues ($M)$40,234
Profits ($M)$7,201.6
Assets ($M)$848,389
Total Stockholder Equity ($M)$49,297

Profit Ratios

Profit as % of Revenues17.9%
Profits as % of Assets0.8%
Profits as % of Stockholder Equity14.6%