China Merchants Bank (CMB) (Chinese: 招商银行; pinyin: Zhāoshāng Yínháng SEHK: 3968, SSE: 600036) is a bank headquartered in Shenzhen, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities.
CMB has over five hundred branches in mainland China and one in Hong Kong. In November 2007, as part of a drive for international growth, it won federal approval to open a branch in New York.
Read more about China Merchants Bank: Business Areas, Honor
Famous quotes containing the words china, merchants and/or bank:
“Whether the nymph shall break Diana’s law,
Or some frail china jarreceive a flaw,
Or stain her honour, or her new brocade,”
—Alexander Pope (1688–1744)
“Decisive inventions and discoveries always are initiated by an intellectual or moral stimulus as their actual motivating force, but, usually, the final impetus to human action is given by material impulses ... merchants stood as a driving force behind the heroes of the age of discovery; this first heroic impulse to conquer the world emanated from very mortal forces—in the beginning, there was spice.”
—Stefan Zweig (18811942)
“A man’s labour is not only his capital but his life. When it passes it returns never more. To utilise it, to prevent its wasteful squandering, to enable the poor man to bank it up for use hereafter, this surely is one of the most urgent tasks before civilisation.”
—William Booth (1829–1912)