CMBC’s First-Half Results Saw Weaker-Than-Peer Growth
China Minsheng Bank’s, or CMBC's, first-half results were lackluster, and we have yet to see meaningful progress of its restructuring plan, which the firm started to fully implement in 2017. Challenges brought by its difficult transformation were further compounded by the ongoing financial deleveraging, leading to the lowest top-line growth level in the industry. Net profit grew 3.2% from the year-ago period. The top line again struggled, with total revenue falling 9.5%. This was attributable to...CHINA MINSHENG BANKING CORP., LTD. (the Bank) is a China-based financial institution principally engaged in corporate banking, personal banking, capital business and other business. The Bank operates its business mainly in North China, East China, South China and other areas in China.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.