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China Minsheng Bank's head office. Photo: 維基小霸王 via Wikimedia Commons (CC BY SA 4.0)

Active

This profile is actively maintained
Last update: 2024-02-16 09:48:21
Contact:

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About
Website http://en.cmbc.com.cn/
Headquarters
2 Fuxingmen Nei Street, Xicheng District
100031 Beijing
China
CEO/chair Zheng Wanchun
Vice Chairman and President
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Ownership
listed on Hong Kong Stock Exchange & Shanghai Stock Exchange

China Minsheng Bank's complete shareholder structure can be accessed here.

China Minsheng Bank was founded in 1996 by Jing Shuping, a Chinese lawyer and businessman. It is the first bank in China to be owned mostly by non-government run private enterprises. China Minsheng Bank has over two hundred banking outlets throughout China, the bank serves mainly small-medium enterprises.

Sustainability
Commitments
Policies
Voluntary standards

China Minsheng Bank's most important sustainability commitments can be found at the website sections listed below.

Links

ESG Information

Transportation-related credit policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Raw materials-related credit policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Oil/Gas-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Mining-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Energy-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Biodiversity-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Agriculture and Forestry-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Guidelines on environmental information disclosure for financial institutions

Bank policy
2021-07-22 00:00:00 | People's Bank of China

Anti-money laundering policy

Bank policy
2011-05-31 00:00:00 | China Minsheng Bank
China Minsheng Bank has committed itself to the following voluntary standards:
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Dodgy Deals

China Minsheng Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of China Minsheng Bank's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major ‘coal banks’ refuse to stop financing coal power boom in Asia

To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.
2024-11-14 | Nijmegen | BankTrack, Inclusive Development International, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

The banks financing dirty steel

The world’s major banks continue to support the largest and most polluting steel producers
2024-03-26 | Paris, France | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

CBIRC releases the Green Finance Guidelines for Banking and Insurance Sectors

2022-06-02 | China Banking and Insurance Regulatory Commission
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

'Star' Chinese banker jailed for life for stealing US$400M from clients in Ponzi scheme

2020-12-14 | ABS CBN News
BankTrack news BankTrack blog Partner news Partner blog

China fines five financial firms $47 million for misconduct

2020-09-04 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
Resources
Documents
Links

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club

Annual report 2023

Annual report
2024-04-15 00:00:00 | China Minsheng Bank

ESG Report 2023

Annual report
2024-03-28 00:00:00 | China Minsheng Bank

CSR report 2022

Annual report
2023-06-12 00:00:00 | China Minsheng Bank

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald

Annual report 2022

Annual report
2023-04-03 00:00:00 | China Minsheng Bank

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network

Who is Who No. 3 - Chinese commercial banks: an NGO guide

Partner publication
2023-01-23 00:00:00 | Urgewald

The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3 (Chinese version)

东非原油管道：金融风险简报（更新三）
BankTrack publication
2022-09-12 00:00:00 | BankTrack

Annual report 2021

Annual report
2022-07-04 00:00:00 | China Minsheng Bank

CSR report 2021

Annual report
2022-06-13 00:00:00 | China Minsheng Bank

Transportation-related credit policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Raw materials-related credit policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Oil/Gas-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Mining-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Energy-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Biodiversity-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Agriculture and Forestry-Related Credit Policy

Bank policy
2022-06-13 00:00:00 | China Minsheng Bank

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance

Guidelines on environmental information disclosure for financial institutions

Bank policy
2021-07-22 00:00:00 | People's Bank of China

CSR Report 2020

Annual report
2021-06-08 00:00:00 | China Minsheng Bank

Annual report 2020

Annual report
2021-03-09 00:00:00 | China Minsheng Bank

Annual report 2019

Annual report
2020-07-31 00:00:00 | China Minsheng Bank

CSR report 2019

Annual report
2020-07-31 00:00:00 | China Minsheng Bank

2018 Social Responsibility Report

Annual report
2019-07-31 00:00:00 | China Minsheng Bank

Going out, but going green?

Assessing the implementation of China's Green Credit Guidelines
BankTrack publication
2014-11-25 00:00:00 | BankTrack, Friends of the Earth US

Green Credit Footprint of Chinese banks (2008-2012)

-Chinese version-
NGO document
2013-11-25 00:00:00 | Green Watershed

Environmental report on Chinese banks 2011

-English summary-
NGO document
2012-11-26 00:00:00 | Green Watershed

Letter from BankTrack et al. to various financial institutions on APP

Correspondence
2012-11-06 00:00:00 | BankTrack et al.

Environmental Report on Chinese Banks (2011)

-Chinese version-
NGO document
2012-04-18 00:00:00 | Green Watershed

Executive Summary of Environmental Report on Chinese Banks (2011)

NGO document
2012-03-28 00:00:00 | Green Watershed

Notice of the CBRC on Issuing the Green Credit Guidelines

Other bank document
2012-02-24 00:00:00 | China Banking Regulatory Commission

民间环保组织就陆良化工铬污染事件致16家中资上市银行的公开信（Chinese）

Correspondence
2011-08-29 00:00:00 | Green Watershed

An Open Letter from a Coalition of Environmental NGOs to 16 Chinese banks Regarding the Chromium Pollution Incident in Luliang(English)

Correspondence
2011-08-29 00:00:00 | Green Watershed

Anti-money laundering policy

Bank policy
2011-05-31 00:00:00 | China Minsheng Bank

China Minsheng Banking Corp., Ltd.: 2010 Annual Results Announcement

Other bank document
2011-03-23 00:00:00 | China Minsheng Bank
Accountability
Grievances

China Minsheng Bank does not operate a complaints or grievance mechanism for individuals or communities that might have been affected by the bank's finance.

This page evaluates China Minsheng Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that China Minsheng Banking provided US$ 40.084 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, China Minsheng Banking provided US$ 3.918 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on China Minsheng Banking fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data China Minsheng Bank

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of China Minsheng Bank's fossil fuel policy below.

Assessment of China Minsheng Bank coal policy in the Coal Policy Tool

Assessment of China Minsheng Bank oil and gas policy in the Oil and Gas Policy Tracker
Banks and Nature

Banks and Nature

China Minsheng Bank’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.2 out of 10 and ranking it as a laggard. China Minsheng Bank achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0.2 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed China Minsheng Bank’s policies related to the pulp and paper sector.

Between 2016 and 2022, China Minsheng Bank provided USD 611 million in credit to companies operating in these forest-risk sectors. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Banks and pulp & paper

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
China Minsheng Bank
2022-09-21
CHN
0.2
Laggard 0.2
Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
China Minsheng Bank
2022-09-21
CHN
0
Laggard 0
Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
China Minsheng Bank
2022-09-21
CHN
0.2
Laggard 0.2
Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Banks and Steel

Banks and Steel

According to a report by Reclaim Finance, between 2016 and June 2023, China Minsheng Bank provided $5.4 billion in finance to the fossil-steel industry, making it the 27th largest financier worldwide. Find further details on China Minsheng Bank's steel financing and how it compares to other large banks globally in the report. 

Steeling our future: The banks propping up coal-based steel