China Merchants Bank Co Ltd Class A

600036: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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China Merchants Bank Earnings: Fee Income Growth Has Yet to Recover, Retail Demand Still Weak

Iris Tan

Sep 1, 2025

China Merchants Bank, or CMB, reported a 2% year-on-year revenue decline in the first half, while net profit was flat. Narrower contraction in investment and fee income growth drove only marginal improvement.

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China Merchants Bank Co Ltd Class A

China Merchants Bank Earnings: Fee Income Growth Has Yet to Recover, Retail Demand Still Weak

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