The Development of Chinese Financial Market: the Transition, Challenge and Opportunity
Mr. Ma Weihua is the President and CEO of China Merchants Bank (CMB). Mr. Ma will share his opinions on the development of Chinese financial market: the transition, challenge and opportunity.
Featuring: Mr. Ma Weihua
President of China Merchants Bank
Time: Thursday, March 27th, 2008, 6:30pm
Location: Low Rotunda (Low Memorial Library), Columbia University
Columbia Business School,
Columbia University Asia-Pacific Development Society (CUASIA)
Greater China Initiative of SIPA,
Greater China Society of Business School,
Columbia China Law Business Association
Mr. Ma Weihua is the President and CEO of China Merchants Bank (CMB). CMB is the most profitable bank in China with shares listed in both Shanghai and Hong Kong stock exchanges. Among the Top 1000 World Banks for 2007 published by The Banker, CMB ranked the 101st by core capital and 114th by assets. CMB’s sound performance and well-received products have won the market recognition both domestically and internationally. The Bank has been named Best Bank in China, Best Retail Bank in China and Best Cash Management Bank in China by Euromoney, Asian Banker and AsiaMoney respectively. In November 2007, the Bank became the first Chinese bank approved by the US regulators to establish a branch in the US since 1991. In addition, the Bank has been continuously included in Top 10 Valuable Listed Companies in China and Top Ten Influential Brands in China.
Mr. Ma is well known for his successful dual role in China: the best-paid banker in China and one of the high profile party representatives of the National People's Congress. A recent article from Financial Times described Mr. Ma as a person who "embodies the wary melding of interests between the party and business, as both attempt to circle each other's domains". Since taking the president's job in 1999, Mr. Ma, a former central bank official, has turned CMB into the most successful Chinese bank. Although CMB accounts for only 0.4% of the total employees of the overall networks of China's banking system, the Bank posts a profit of 6% in the whole banking industry in China. Recently, Harvard Business School has published a case study of the successful story of CMB and invited Mr. Ma to Boston campus to discuss the case with MBA students. He was named as "China Economy Person of the Year" in 2001 and one of the "Rising Stars of Banking" by The Banker in 2005.(责任编辑：admin)