China Minsheng Banking Corp., Ltd.

1988
Failed

Company Overview

China Minsheng Bank Co., Ltd. was formally established in Beijing on January 12, 1996. It is the first national joint-stock commercial bank in China, mainly initiated by private enterprises. It is also a modern financial enterprise established in strict accordance with China's “Company Law” and “Commercial Banking Law”. Main business: Deposit and loan business, corporate banking business, retail banking business, capital business, distribution channels, technology finance, integrated services, etc. Corporate honors: It won “2017 Xiaowei Financial Service Bank”, “2016 China's Best Private Bank for Wealth Management” by “AsiaMoney” magazine, “Best Electronic Bank of the Year” and “Top 10 Direct Selling Banks of the Year” by Sina Finance, and “China Excellent Financial Services Bank of the Year” in the “China Financial Excellence Awards” organized by the Economic Observer, etc. By the end of the reporting period, the Bank's sales network covered 132 cities in mainland China, including 140 branch offices (including 41 first-level branches, 90 second-level branches, and 9 offsite branches), 1,206 branch offices (including sales departments), 1,088 community branches, and 135 small and micro branches.

Country
HK
Market Cap
$14.87B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
88.40% failed
5% Threshold
88.4%
Liabilities Compliance
971.34% failed
33% Threshold
971.3%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name China Minsheng Banking Corp., Ltd.
Ticker 1988
Main Business Banks—Regional
Type Common Stock
Industry Banks—Regional
Country HK
Market Cap $14.87 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Interest income $262,937.0 $262,937.0 -
Fee and commission income $25,470.0 $0.0 -
Trading gain $4,690.0 $0.0 -
Gain from investment securities $4,357.0 $0.0 -
Total $297,454.0 $262,937.0 88.40% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bonds issued $94,654,061,624.6 636.37%
derivative financial liability $4,100,840,336.1 27.57%
borrowing from the central bank $45,721,288,515.4 307.39%
Total Interest-Bearing Debt $144,476,190,476.2 971.34%
Market Capitalization $14,873,974,359.0 100.00%
Compliance Status Threshold: 33% failed