China Minsheng Banking Corp., Ltd. provides banking products and services to individuals, corporate customers, government agencies, and financial institutions in the People's Republic of China. It operates through Corporate Banking, Personal Banking, and Treasury segments.
The company’s deposit products include current accounts, saving accounts, small deposits for lump-sum withdrawal, personal notice deposits, time/demand optional deposits, education saving accounts, call deposits, contract deposits, and negotiated deposits. It offers personal housing mortgage loans, such as open-end housing mortgage, new housing mortgage, second-hand housing mortgage, housing mortgage transfer, housing decoration, car parking lot, and housing re-mortgage loans.
The company also provides business and consumption loans comprising housing collateralized mortgage, financing products pledge, self-service revolving, personal credit portfolio, auto consumption, online self-service pledge, and certificate of deposit and treasury bond pledge loans. In addition, it provides debit and credit cards, VIP services, personal financial planning products and services, international personal financing, acceptance bills, trade and finance products, asset management and settlement services, wealth management and intermediary services, online and mobile banking services, self-service banking services, online payment and e-Bill payment, and safe box services. Further, the company offers investment savings products and micro lending services; and engages in foreign exchange trading, interest rate and foreign exchange derivatives transactions, money market transactions, proprietary trading, and asset-liability management.
As of December 31, 2012, it had 33 tier-one branches in the People's Republic of China. China Minsheng Banking Corp., Ltd. has a strategic cooperation agreement with Alibaba (China) Co., Ltd. The company was founded in 1996 and is headquartered in Beijing, the People's Republic of China.