China Merchants Bank board approves key management plans, related-party deals

On December 22, 2025, China Merchants Bank's board of directors approved several key initiatives, including updates to its interest rate risk management and risk culture frameworks, and a five-year strategic plan for consumer rights protection. Additionally, the board sanctioned significant related-party transactions for 2026-2028.

The approved related-party transactions include annual continuing connected transaction quotas with China Merchants Fund Management Co., Ltd. and its subsidiaries/associates, amounting to RMB 1.7 bn, RMB 2.1 bn, and RMB 2.7 bn for 2026, 2027, and 2028, respectively. Separately, the board granted China Merchants Group a comprehensive credit facility of RMB 165 bn for a three-year term, including a previously approved RMB 130 bn in June 2024. These transactions are considered normal business operations, adhering to fair commercial terms and applicable regulations.

Independent directors confirmed that all approved related-party transactions comply with relevant laws, company articles, and internal regulations, serving the interests of the company and its shareholders without materially impacting normal business operations or financial conditions. Certain associated directors recused themselves from voting on the related-party transactions.