China Minsheng Bank

[2] It was the first bank to be established with an ownership base of private sector shareholders, as part of Chinese economic reform led by Premier Zhu Rongji.

[6] To overcome this initial turmoil, China Bank replaced its leadership in April 2000,[6] even though Jing Shuping remained its chairman, and undertook additional organisational change in 2007.

[7] In 2009, Minsheng Bank confirmed its strategic positioning that fundamentally focuses on private, small and medium corporations and advanced technological businesses, offers moderate risk-taking and heterogeneous financial products and services, and dedicates to expanding path to profitability.

[11] The joint venture company, with headquarters in Shanghai, will create, manage, and sell mutual funds in local currency to retail and institutional investors in China.

[14][15] In September 2024, Reuters reported China Minsheng Bank cut the salary of its staff by 50% and stopped paying for some work-related expenses in its Beijing branch, in line of the common prosperity agenda promoted by Chinese leader Xi Jinping.

The former building of Yokohama Specie Bank in the Legation Quarter of Beijing was the seat of Minsheng Bank from its founding until the early 21st century. [ 5 ] : vii