Company profile

Future of China Minsheng Banking

#
Rank
109
| Quantumrun Global 1000

China Minsheng Bank was established on January 12, 1996, in Beijing. It is the 1st bank in China to be owned mostly by non-government business firms. The bank was established by Jing Shuping, a Chinese businessman and lawyer who became prominent in People's Republic of China after the country’s founding in 1949. Minsheng Bank is popular for focusing on making loans to small-medium companies.

Home Country:
Sector:
Industry:
Banks - Commercial and Savings
Founded:
1996
Global employee count:
58720
Domestic employee count:
Number of domestic locations:
200

Financial Health

Revenue:
$154051000000 CNY
3y average revenue:
$147603000000 CNY
Operating expenses:
$52424000000 CNY
3y average expenses:
$54894000000 CNY
Funds in reserve:
$126460000000 CNY
Market country
Revenue from country
0.83

Asset Performance

  1. Product/Service/Dept. name
    Corporate banking
    Product/Service revenue
    49660000
  2. Product/Service/Dept. name
    Personal banking
    Product/Service revenue
    24920000
  3. Product/Service/Dept. name
    Treasury
    Product/Service revenue
    17900000

Innovation assets and Pipeline

Global brand rank:
149
Investment into R&D:
$17672566 CNY
Total patents held:
7
Number of patents field last year:
1

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.
*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.
*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.
*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.
*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

Company Headlines