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Home > List > Others > Banks

Chinese Mercantile Bank

Time: 2022-02-01 13:22:09 Author: ChinaWiki.net

Huashang bank

Huashang bank was established in 1993 with its head office in Shenzhen. In August 2005, it became the wholly-owned holding institution of industrial and Commercial Bank of China (Asia) Limited ("ICBC Asia"), and the nature of the enterprise was changed from a Sino foreign joint venture bank to a wholly foreign-owned bank. After several capital increases, the registered capital is 4.15 billion yuan.

On June 8, 2018, Huashang bank was awarded the main credit rating of AAA by China Chengxin international credit rating Co., Ltd., a member of Moody's Investors Service Company. The rating outlook is stable.

brief introduction

Established in June 1993, Huashang bank is jointly funded by industrial and Commercial Bank of China, Shenzhen Branch, Hong Kong CTS group and Chinese bank. Its head office is located in Shenzhen. In August 2005, the bank became a wholly-owned holding institution of industrial and Commercial Bank of China (Asia) Limited ("ICBC Asia"), and the nature of the enterprise was changed from a Sino foreign joint venture bank to a wholly foreign-owned bank. The current registered capital of the bank is RMB 4.15 billion.

The bank operates foreign exchange business and RMB business for all kinds of customers within the scope specified in the regulations of the people's Republic of China on the administration of foreign funded banks. The specific business scope includes: absorbing public deposits; issuing short-term, medium-term and long-term loans; handling acceptance and discount of bills; buying and selling government bonds and financial bonds; buying and selling foreign currency securities other than stocks; providing credit It also provides bank card business, safe deposit box service, credit investigation and consultation service, and other business approved by China Banking Regulatory Commission. On May 25, 2012, CCCI credit rating gave the bank a comprehensive financial strength credit rating of AA + in 2012, with a stable rating outlook. Through continuous efforts and steady development, the bank's business scale has grown steadily, its business scope has expanded continuously, and its comprehensive strength has gradually enhanced.

As the flagship of ICBC Asia's business development in mainland China, the bank has strong backing and strong support in customer resources, product development, business development, capital clearing and system support. It actively carries out strategic cooperation and business linkage with ICBC and ICBC Asia, and is constantly committed to providing customers with professional and high-quality financial services and striving for success It is a valuable and distinctive foreign corporate bank in mainland China.

Introduction to shareholders

Industrial and Commercial Bank of China (Asia) Limited ("ICBC Asia") is a licensed bank incorporated in Hong Kong. It has 53 branches, 18 "wealth management account" centers and four business centers in Hong Kong. Its main business is banking, finance and other financial related services, focusing on retail banking, commercial banking and corporate banking.

China Merchants Bank and ICBC Asia Investment Management Co., Ltd., wholly-owned subsidiaries of ICBC Asia, focus on RMB business in mainland China and investment management business with Asia as the investment center respectively.

ICBC Asia is the flagship of industrial and Commercial Bank of China Limited, China's largest commercial bank in terms of total assets in Hong Kong.

On June 15, 2012, Fitch Ratings confirmed that ICBC Asia's long-term / short-term issuer default rating was a / F1, with a stable outlook; its subordinated bond rating was "a -", with a support rating of "1".

On June 15, 2012, ICBC Asia was granted A2 / prime-1 long-term / short-term deposit rating and C-grade bank financial strength rating by Moody's investment. All ratings are stable.

ICBC Asia has been adhering to the strategy of "based on Hong Kong, backed by the mainland and facing the world", giving full play to the market opportunity of Hong Kong as an offshore RMB center, actively expanding comprehensive RMB business and cross-border banking business, and achieving a number of initiatives in the field of offshore RMB financial products and winning the award of "excellent cross-border banking service brand", striving to become a "cross-border financial center" Preferred bank ".

corporate culture

contact us

Address: 101-b101, B102, podium building of chegongmiao Lvjing square, Shennan Avenue, Futian District, Shenzhen, 30-31 / F, Lvjing Jiyuan building

Postcode: 518048

Postcode: 518031

Address: Shop 106 on the first floor, shop 205 on the second floor, unit 1901 on the 19th floor, block C, Gaode land Plaza, 8 Zhujiang West Road, Zhujiang New Town, Tianhe District, Guangzhou

Post code: 510623

Chinese Mercantile Bank


Chinese Edition

 

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