China Minsheng Banking Corp Ltd Class A

600016: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥2.10	Tpff	Nlhpb

CMBC's Micro- and Small-Enterprise Lending Business Suffers From Intense Pricing Competition

Iris Tan

Mar 24, 2023

Business Strategy and Outlook

China Minsheng Banking Corp.'s credit risk still faces challenges after years of restructuring. The bank was once a leader in China’s micro- and small-enterprise, or MSE, financing market. The fragility of small private enterprises translated to a painful business restructuring for CMBC over the past six years. These difficulties are compounded by ongoing regulatory tightening to crack down on shadow bank credits and reduce wholesale funding.

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