H Share Stock Code : 03968
Offshore Preference Share Stock Code : 04614
2020 Interim Report
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China Merchants Bank | Contents | 1 |
Interim Report 2020 |
Contents
- Important Notice
- Definitions
- Significant Risk Warning
- I Company Information
- II Summary of Accounting Data and Financial Indicators
- III Report of the Board of Directors
8 | 3.1 | Analysis of Overall Operation |
8 | 3.2 | Analysis of Income Statement |
15 | 3.3 | Analysis of Balance Sheet |
19 | 3.4 | Analysis of Loan Quality |
25 | 3.5 | Analysis of Capital Adequacy Ratio |
31 | 3.6 | Results of Operating Segments |
- 3.7 Other Financial Disclosures under the Regulatory Requirements
- 3.8 Implementation of Business Development Strategies
36 | 3.9 | Changes in External Environment and Corresponding Measures |
48 | 3.10 | Business Operation |
69 | 3.11 | Risk Management |
76 3.12 Profit Appropriation
77 IV Important Events
82 V Changes in Shares and Information on Shareholders
93 VI Directors, Supervisors, Senior Management, Employees, and Organisational Structure
99 VII Corporate Governance
101 VIII Financial Statements
2 China Merchants Bank Important Notice
Interim Report 2020
Important Notice
- The Board of Directors, the Board of Supervisors, Directors, Supervisors and senior management of the Company confirm that the contents in this report are true, accurate, and complete and have no false representations, misleading statements or material omissions, and they will individually and collectively accept legal responsibility for such contents.
- The 15th meeting of the Eleventh Session of the Board of Directors of the Company was held by way of voting by correspondence on 28 August 2020. 17 out of 17 eligible Directors attended the meeting in person. The convening of the meeting complied with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association of China Merchants Bank Co., Ltd..
- The Company will not implement the profit appropriation nor will it transfer any capital reserve into share capital for the first half of 2020.
- The Company's 2020 interim financial report is unaudited.
- Unless otherwise stated, all monetary sums stated in this report are expressed in RMB.
- Li Jianhong, Chairman of the Company, Tian Huiyu, President and Chief Executive Officer, Wang Liang, Executive Vice President and Chief Financial Officer, and Li Li, the person in charge of the Finance and Accounting Department, hereby make representations in respect of the truthfulness, accuracy and completeness of the financial statements in this report.
- We have included in this report certain forward-looking statements with respect to the financial position, operating results and business development of the Group. We use words such as "will", "may", "expect", "try", "strive", "plan", "anticipate", "aim at", and similar expressions to indicate forward-looking statements. These statements are based on current plans, estimates and projections. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we give no assurance that these expectations will turn into reality or prove to be correct. Therefore they should not be deemed as the Group's commitments. Investors should not place undue reliance on such statements and should pay attention to investment risks. You are cautioned that such forward-looking statements are related to future events or future financial position, business, or other performances of the Group, and are subject to a number of uncertainties which may cause substantial differences from those in the actual results.
China Merchants Bank | Definitions / Significant Risk Warning | 3 |
Interim Report 2020 |
Definitions
The Company, the Bank, CMB or China Merchants Bank:
China Merchants Bank Co., Ltd.
The Group:
China Merchants Bank and its subsidiaries
CBIRC:
China Banking and Insurance Regulatory Commission
CSRC:
China Securities Regulatory Commission
Hong Kong Stock Exchange or SEHK:
The Stock Exchange of Hong Kong Limited
Hong Kong Listing Rules:
The Rules Governing the Listing of Securities on the SEHK
CMB Wing Lung Bank:
CMB Wing Lung Bank Limited
CMB Wing Lung Group:
CMB Wing Lung Bank and its subsidiaries
CMB Financial Leasing or CMBFL:
CMB Financial Leasing Co., Ltd.
CMB International Capital or CMBIC:
CMB International Capital Holdings Corporation Limited
CMB Wealth Management:
CMB Wealth Management Company Limited
China Merchants Fund or CMFM:
China Merchants Fund Management Co., Ltd.
CIGNA & CMB Life Insurance:
CIGNA & CMB Life Insurance Co., Ltd.
MUCFC:
Merchants Union Consumer Finance Company Limited
CM Securities:
China Merchants Securities Co., Ltd.
MBCloud:
MBCloud Information Tech Co.,Ltd. with 100% equity interest held by the Company indirectly
CMB Network Technology:
China Merchants Bank Network Technology (Shenzhen) Co., Ltd. with 100% equity interest held by the Company indirectly
Deloitte Touche Tohmatsu Certified Public Accountants LLP:
Deloitte Touche Tohmatsu Certified Public Accountants LLP (Special General Partnership)
SFO:
Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)
Model Code:
Model Code for Securities Transactions by Directors of Listed Issuers of Hong Kong Stock Exchange
Significant Risk Warning
The Company has disclosed herein the major risks involved in its operations and the proposed risk management measures. Please refer to Chapter III for the details in relation to risk management.
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China Merchants Bank Co. Ltd. published this content on 28 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2020 09:24:01 UTC