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China Minsheng Bank

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initial turmoil, China Bank replaced its leadership in April 2000, even though Jing Shuping remained its chairman, and undertook additional organisational change in 2007. In 2009, Minsheng Bank confirmed its strategic positioning that fundamentally focuses on private, small and medium corporations and advanced technological businesses, offers moderate risk-taking and heterogeneous financial products and services, and dedicates to expanding path to profitability. In 2011, CMBC innovated its orientation by establishing “a ‘customer-focused’ scientific and strategic implementation system” for sufficient development and further interests.
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respectively. The company has been making considerable progress in fund issuance, management scale, investment performance, and profitability in line with the management concept of specialization and marketization since its inception. In 2006, Royal Bank of Canada entered into a joint venture agreement with China Minsheng Bank to launch a new Chinese joint venture fund management company. The joint venture company, with headquarters in Shanghai, will create, manage, and sell mutual funds in local currency to retail and institutional investors in China.
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In November 2008, Minsheng Bank, together with the Royal Bank of Canada and the Three Gorges Finance Company, established Minsheng Royal Fund Management Co., Ltd. in Shenzhen, with a registered capital of US$ 422 million (RMB 300 million), of which the three shareholders hold 63.33%, 30%, and 6.67%,
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Minsheng Bank also revealed that it intended to invest approximately US$ 343 million (RMB 2.342 billion) to acquire a 26.58% stake (equivalent to 143 million shares) in Shaanxi International Trust, which would have made it the largest shareholder. However, due to major changes in the capital market,
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China Minsheng Bank was officially established on 12 January 1996, aiming to lend primarily to non-state-owned, high-tech, and large enterprises. Nonetheless, the strategy soon ran into difficulty with a 8.72% non-performing loan rate and 40% negative Return On Equity (ROE) in 1999. To overcome this
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In November 2009, Minsheng Bank launched an initial public offering in Hong Kong, with a maximum fundraising of US$ 4 billion (HKD 31.56 billion). The bank's IPO was oversubscribed 157 times, freezing up to US$ 32 billion (HKD 249.3 billion) in funds. The bank eventually priced its IPO at HKD 9.08
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In April 2008, Minsheng Bank was granted permission to establish Minsheng Financial Leasing Company with a total investment of approximately US$ 470 million (RMB 3.2 billion). Minsheng Bank and Tianjin Bonded Zone Investment Company jointly invested in the company, with Minsheng Bank holding an
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On June 22, 2009, Minsheng Bank announced that it had completed the sale of more than 380 million Haitong Securities shares held for debt repayment, with an average selling price of US$ 2.12 (RMB 14.33) per share and a total disposal amount of US$ 800 million (RMB 5.458 billion).
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took over UCB, a subsidiary of UCBH Holdings, resulting in a loss for Minsheng Bank. Despite this development, the bank had already made sufficient provisions for the investment and the loss did not have a significant impact on its operations.
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In October 2007, Minsheng Bank announced its plans to purchase a 9.9% stake in UCBH Holdings for approximately US$ 155 million (RMB 1.03 billion), with an opportunity to increase the holding to 20%. However, on November 6, 2009, the
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81.25% stake and Tianjin Bonded Zone Investment Company holding an 18.75% stake. By December 2009, the total assets of Minsheng Financial Leasing Company had reached approximately US$ 3.5 billion (RMB 23.6 billion).
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Minsheng Bank focuses on making loans to small-medium enterprise. It has over two hundred banking outlets throughout China and relationships with more than seven hundred banks overseas. The bank was
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Do not translate text that appears unreliable or low-quality. If possible, verify the text with references provided in the foreign-language article.
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Content in this edit is translated from the existing Chinese Knowledge article at ]; see its history for attribution.
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was the seat of Minsheng Bank from its founding until the early 21st century.
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to the source of your translation. A model attribution edit summary is
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Chen, Jiagui; Huang, Qunhui; Peng, Huagang; Zhong, Hongwu (2015),
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For other financial services companies named "Minsheng", see
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Research Report on Corporate Social Responsibility of China
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to this template: there are already 291 articles in the
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Minsheng Bank later decided to cancel this investment.
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per share and officially listed on November 26, 2009.
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Reuters. 2009-11-26 404: 301:corporations in China 130:Knowledge:Translation 101:copyright attribution 1251:Xiamen International 802:Investment Executive 610:James Stent (2017). 407:Yokohama Specie Bank 229:12 January 1996 1321:China Minsheng Bank 778:www.msjyfund.com.cn 350:traditional Chinese 338:China Minsheng Bank 147: 419: 342:simplified Chinese 143: 109:interlanguage link 1308: 1307: 1302: 1301: 754:business.sohu.com 706:978-3-662-45362-9 642:978-1-282-76188-9 335: 334: 141: 140: 57: 53: 1378: 997:Banking in China 986:Banking in China 984: 983: 972: 965: 958: 949: 948: 936: 935: 931: 923: 906: 905: 903: 902: 896:chinanews.com.cn 888: 882: 881: 879: 878: 867: 861: 860: 858: 857: 843: 837: 836: 834: 833: 819: 813: 812: 810: 809: 794: 788: 787: 785: 784: 770: 764: 763: 761: 760: 746: 740: 739: 737: 736: 722: 716: 715: 714: 713: 680: 669: 668: 662: 654: 627: 616: 615: 607: 601: 600: 598: 596: 582: 576: 575: 573: 572: 563:. 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Fuxingmen Inner Street
Publicly traded company
Traded as
SSE
600016
SEHK
1988
SSE 50 Component
Bank
Beijing
China
Hong Kong
Total assets
private sector
Divisions
Minsheng Private Banking Service
www.cmbc.com.cn

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