China Merchants Bank's A-share market cap climbed back above the one trillion yuan mark on July 29. At the close, the A-share price stood at 39.66 yuan per share, up 0.18 percent, completing a V-shaped rebound over the past month and a half. The market cap had briefly retreated to around 895.3 billion yuan in June. Peng Jiawen, vice president, chief financial officer, and board secretary, previously disclosed that a market cap management team has been established, structured into three layers: value creation, value discovery, and value management. On the same day, China Merchants Bank announced that Wang Xiaoqing's qualification to serve as president had been approved by the National Financial Regulatory Administration, with his official appointment effective from July 28. Wang Xiaoqing, born in 1971, holds a PhD in political economy from Fudan University and has management experience across banking, insurance, and fund sectors. He currently serves as party secretary of China Merchants Bank. Financial results show that at the end of the first quarter, the bank achieved operating revenue of 86.94 billion yuan, up 3.81 percent year on year, with net profit attributable to shareholders of 37.852 billion yuan, up 1.52 percent. Total assets reached 13.48 trillion yuan, and the non-performing loan ratio stood at 0.94 percent, unchanged from the end of the previous year.
China Merchants Bank Co LtdMarket cap returns above 1 trillion yuan, indicating positive market sentiment and value creation efforts.