China Merchants Bank Approves RMB165 Billion Comprehensive Credit Line to China Merchants Group for 3 Years

Deep News12-22 18:30

On December 22, China Merchants Bank (CMB) announced that its 13th Board of Directors' 9th meeting approved a RMB165 billion comprehensive credit line (including the previously granted RMB130 billion in June 2024) for China Merchants Group (CMG). The credit facility has a term of three years and is classified as a consolidated credit line.

As of October 31, 2025, CMG had utilized RMB98.025 billion of the RMB130 billion credit line granted in June 2024. CMG indirectly holds a 29.97% stake in CMB, making it the controlling shareholder of the bank's largest stakeholder.

This related-party transaction does not require approval from the general shareholders' meeting and is expected to have no material impact on CMB's operations or financial condition.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment