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We Are Here Just for You Worldreginfo - 91246E2e-Fd1e-4C83-9A0e-3D9a7dfd339b China Merchants Bank Interim Report 2017

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We Are Here Just for You Worldreginfo - 91246E2e-Fd1e-4C83-9A0e-3D9a7dfd339b China Merchants Bank Interim Report 2017 Stock Code : 03968 2017 Interim Report We are here Just for you WorldReginfo - 91246e2e-fd1e-4c83-9a0e-3d9a7dfd339b China Merchants Bank Interim Report 2017 Important Notice 1. 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. 2. The 14th meeting of the Tenth Session of the Board of Directors of the Company was held at its Shenzhen Shekou Training Center on 18 August 2017. The meeting was presided by Li Jianhong, Chairman of the Board. 16 out of 16 eligible directors attended the meeting in person. 8 supervisors of the Company were present at the meeting. 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.”. 3. The Company will not implement the profit appropriation nor will it transfer any capital reserve into share capital for the first half of 2017. 4. The Company’s 2017 interim financial report is unaudited. 5. Unless otherwise stated, all monetary sums stated in this report are expressed in RMB. 6. Li Jianhong, Chairman of the Company, Tian Huiyu, President and Chief Executive Officer, Li Hao, First 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. 7. 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. WorldReginfo - 91246e2e-fd1e-4c83-9a0e-3d9a7dfd339b 1 China Merchants Bank Interim Report 2017 Contents Important Notice 1 Definitions 3 Significant Risk Warning 3 I Company Information 4 II Summary of Accounting Data and Financial Indicators 6 III Report of the Board of Directors 8 3.1 Summary of the Overall Operation 8 3.2 Analysis of Income Statement 8 3.3 Analysis of Balance Sheet 17 3.4 Analysis of Loan Quality 23 3.5 Analysis of Capital Adequacy Ratio 30 3.6 Results of Operating Segments 34 3.7 Others 36 3.8 Analysis on Progress of Strategic Transformation 36 3.9 Changes in the External Environment and Corresponding Measures 39 3.10 Business Operations 49 3.11 Risk Management 69 3.12 Profit Appropriation 78 3.13 Social Responsibility 78 IV Important Events 79 V Changes in Shares and Information on Shareholders 83 VI Directors, Supervisors, Senior Management, Employees, and Organisational Structure 91 VII Corporate Governance 98 Financial Report (see appendix) 100 WorldReginfo - 91246e2e-fd1e-4c83-9a0e-3d9a7dfd339b 2 China Merchants Bank Interim Report 2017 Definitions The Company, the Bank, CMB or China Merchants Bank: China Merchants Bank Co., Ltd. The Group: China Merchants Bank Co., Ltd. and its subsidiaries China Banking Regulatory Commission or CBRC: China Banking Regulatory Commission China Securities Regulatory Commission or CSRC: China Securities Regulatory Commission China Insurance Regulatory Commission or CIRC: China Insurance 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 Wing Lung Bank or WLB: Wing Lung Bank, Limited Wing Lung Group: 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 China Merchants Fund or CMFM: China Merchants Fund Management Co., Ltd. CIGNA & CMB Life Insurance: CIGNA & CMB Life Insurance Co., Ltd. CM Securities: China Merchants Securities Co., Ltd. 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 “Risk Management” for the details in relation to risk management. WorldReginfo - 91246e2e-fd1e-4c83-9a0e-3d9a7dfd339b 3 China Merchants Bank Interim Report 2017 I Company Information 1.1 Company Profile 1.1.1 Registered Company Name in Chinese: 招商銀行股份有限公司 (Abbreviated Name in Chinese: 招商銀行) Registered Company Name in English: China Merchants Bank Co., Ltd. 1.1.2 Legal Representative: Li Jianhong Authorised Representatives: Tian Huiyu, Li Hao Secretary of the Board of Directors: Wang Liang Joint Company Secretaries: Wang Liang, Seng Sze Ka Mee Natalia (FCIS, FCS(PE), FHKIoD, FTIHK) Securities Representative: Zheng Xianbing 1.1.3 Registered and Office Address: 7088 Shennan Boulevard, Futian District, Shenzhen, Guangdong Province, China 1.1.4 Mailing Address: 7088 Shennan Boulevard, Futian District, Shenzhen, Guangdong Province, China Postcode: 518040 Tel: 86755-83198888 Fax: 86755-83195109 E-mail: [email protected] Website: www.cmbchina.com Customer service hotline: 95555 1.1.5 Principal Place of Business in Hong Kong: 21st Floor, Bank of America Tower, 12 Harcourt Road, Hong Kong 1.1.6 Share Listing: A Shares: Shanghai Stock Exchange Abbreviated Name of A Shares: CMB Stock Code: 600036 H Shares: SEHK Abbreviated Name of H Shares: CM BANK Stock Code: 03968 1.1.7 Domestic Auditor: Deloitte Touche Tohmatsu Certified Public Accountants LLP Office Address: 30th Floor, Bund Center, 222 Yan’an Road East, Shanghai, China International Auditor: Deloitte Touche Tohmatsu Office Address: 35th Floor, One Pacific Place, 88 Queensway, Hong Kong 1.1.8 Legal Advisor as to PRC Law: Jun He Law Offices Legal Advisor as to Hong Kong Law: Herbert Smith Freehills 1.1.9 Depository for A Shares: China Securities Depository & Clearing Corporation Ltd., Shanghai Branch WorldReginfo - 91246e2e-fd1e-4c83-9a0e-3d9a7dfd339b 4 China Merchants Bank Interim Report 2017 I Company Information 1.1.10 Share Register and Transfer Office as to H Shares: Computershare Hong Kong Investor Services Ltd. Shops 1712-1716, 17/F, Hopewell Center, 183 Queen’s Road East, Wanchai, Hong Kong 1.1.11 Websites and Newspapers designated by the Company for Information Disclosure: Mainland China: “China Securities Journal”, “Securities Times”, “Shanghai Securities News” website of Shanghai Stock Exchange (www.sse.com.cn), website of the Company (www.cmbchina.com) Hong Kong: website of SEHK (www.hkex.com.hk), website of the Company (www.cmbchina.com) Place of maintenance of interim reports: Office of the Board of Directors of the Company 1.1.12 Other Information about the Company: Initial registration date: 31 March 1987 Initial registration place: Shenzhen Administration for Industry and Commerce, Shekou Branch Unified Social Credit Code: 9144030010001686XA 1.2 Core Competitiveness The Company has a leading position in retail finance business. Our retail finance has formed structural advantages in customers, products, channels and brand, etc., and is growing stronger and bigger. The Company has featured corporate finance business up to professional management standard. Our transaction banking business maintains obvious competitive advantages while our investment banking business is gaining competitive strength. Various businesses such as bills business, asset management business, custody business and financial market business have all achieved healthy development. Guided by the goals of “professionalism, delayering and intensification”, the Company has been constantly improving its organisational management system, optimising its operation process, and improving its management and operation efficiency. The powerful IT team as well as the leading IT platform have enabled us to embrace internet development, constantly innovate products, services, channels and business model, and improve the efficiency and quality of customer services and reduce operating costs. In the course of our business development, we have adhered to the service concept of “We are here just for you”. The Company has rapidly developed and reasonably deployed its cross-border finance platform, and is therefore able to provide quality cross-border finance services to its customers. WorldReginfo - 91246e2e-fd1e-4c83-9a0e-3d9a7dfd339b 5 China Merchants Bank
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