Blog
BankTrack news
BankTrack blog
Partner news
Partner blog
Bank
China Merchants BankChina
Active
This profile is actively maintained
Last update: 2025-02-07 13:58:37
China Merchants Bank Tower. Photo: Cocoablini via Wikimedia (CC0)
Active
This profile is actively maintained
Last update: 2025-02-07 13:58:37
Bank info
BankTrack campaigns
All
About
| Website | http://english.cmbchina.com/ |
| Headquarters |
China Merchants Bank Tower, No 7088, Shennan Boulevard
518040 Shenzhen
China
|
| CEO/chair |
Miao Jianmin Chairman and non-Executive Director |
| Supervisor | |
| Ownership |
listed on Hong Kong Stock Exchange & Shenzhen Stock Exchange
China Merchants Bank's largest shareholder is the China state-owned Assets Supervision & Admn Commission (43.48%). The bank's complete shareholder structure can be accessed here. |
China Merchants Bank (CMB) was established in April 1987 and it is headquartered in Shenzhen, China. The bank was China's first joint-stock commercial bank. CMB primarily focuses on the Chinese domestic market, offering corporate and retail banking products. For overseas markets, CMB has two wholly-owned subsidiaries: Wing Lung Bank and CMB International Capital Corporation and branches in Hong Kong, New York, Taipei and London.
Sustainability
Commitments
Policies
Voluntary standards
China Merchants Bank does not have a webpage on its sustainability commitments. Its csr webpage only lists the bank's most recent csr reports.
China Merchants Bank has committed itself to the following voluntary standards:
Dodgy Deals
China Merchants Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of China Merchants Bank's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Links
Accountability
Grievances
China Merchants Bank does not operate a complaints channel for individuals or communities that might have been affected by the bank's finance.
This page evaluates China Merchants Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 200
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 200
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
Average
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 209
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 209
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
NAN
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 217
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 217
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 220
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 220
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 223
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 223
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 270
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 531
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 331
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
Banks and Climate
Banks and Climate
The 2025 Banking on Climate Chaos report showed that China Merchants Bank provided $50.0 bn in financing to the fossil fuel industry between 2021 and 2024. In 2024 only, China Merchants Bank provided $12.8 bn, including $11.4 bn for oil, gas and coal companies expanding fossil fuels. Find further details on China Merchants Bank's fossil fuel portfolio and how it compares to other large banks globally on the Banking on Climate Chaos website below.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of China Merchants Bank's fossil fuel policy below.
Banks and Nature
Banks and Nature
China Merchants Bank’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.2 out of 10 and ranking it as a laggard. China Merchants Bank achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0.2 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed China Merchants Bank’s policies related to the pulp and paper sector.
Between 2016 and 2022, China Merchants Bank provided USD 1,561 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 27 million as of 2022. For more information, see the links below.
Forest & Finance Policy Assessment 2022: Overall scores
BankLast update
Country
Score
Ranking
Details
Explanation
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Beef
BankLast update
Country
Score
Ranking
Details
Explanation
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Forest & Finance Policy Assessment 2022: Palm Oil
BankLast update
Country
Score
Ranking
Details
Explanation
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Banks and Steel
Banks and Steel
According to a report by Reclaim Finance, between 2016 and June 2023, China Merchants Bank provided $6 billion in finance to the fossil-steel industry, making it the 21st largest financier worldwide. Find further details on China Merchants Banks' steel financing and how it compares to other large banks globally in the report.
Good Moves
Good moves
Year:
Send feedback
on this profile